Friday, 22 January 2016

Daily Commodity News on Gold and Silver By MarketMagnify

Daily Commodity Market latest update only at

On Thursday, spot gold prices declined by 0.15 to close at $1099 per ounce after posting its biggest one-day gain in two weeks the day before, as hints of further stimulus from the European Central Bank hurt the euro and a rebound in global stocks curbed risk aversion.

On the MCX, gold prices declined by 1.22 percent to close at Rs.26235 per 10 gms.

Spot silver prices declined by 0.1 percent on Thursday to close at $14.2 per ounce. The fall in silver prices is in line with decline in gold prices and strengthening dollar index.

On the MCX, silver prices declined by 0.78 percent to close at Rs.34418/kg.

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