Friday, 17 October 2014

Commodity Market Gold and Silver News

Spot gold prices remained steady on Thursday supported by renewed worries about a global economic slowdown.

On the MCX, gold prices rose by 0.72 percent and closed at Rs.27449/10 gms.

Spot silver prices declined by half a percent taking cues from marginal decline in gold prices. Weakness in the base metal pack exerted downside pressure on prices.

On the MCX, silver prices rose marginally by 0.27 percent and closed at Rs.38872/kg.
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1 comment:

  1. Investors are exiting the gold market on speculation that signs of sustained U.S. economic growth will push the Federal Reserve closer to raising interest rates,
    cutting demand for bullion as an inflation hedge.