Spot gold prices gained around 0.6 percent on Thursday and touched an intraday high of $1625/oz. However, sharp gains were capped on account of dollar strength yesterday. The yellow metal ended its trading session at the level of $1621/oz on Thursday.
On the MCX, Gold February contract witnessed a fall of around 0.3 percent and touched an intra-day low of Rs27,540/10 gms yesterday. The metal ended at the level of Rs27,775/10 gms on Thursday.
Silver
Spot silver prices recovered its earlier losses and ended higher by 0.4 percent on Thursday. The white metal touched an intra-day high of $29.63/oz and closed at the level of $29.3/oz.
However, sharp gains were capped due to a stronger dollar in yesterday’s trade. MCX Silver March contract slipped around 0.4 percent and touched an intra-day low of Rs51,861/kg on Thursday.
Courtesy:Angel Commodities
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