Comex Gold Silver News of 23rd January 2015
At the MCX, Gold futures for February 2015 contract was trading at Rs 27,911 per 10 gram, down by 0.24% after opening at Rs 27,941, against the previous closing price of Rs 27,977. It touched the intra-day low of Rs 27,886 till the trading.
Gold futures fell by 0.24% on Thursday at the domestic markets with investors focused on an upcoming European Central Bank meeting expected to further ease policy. Further, a stronger dollar reduced the appeal of the bullion as an alternative asset. Stronger dollar makes the precious metal expensive for those holding other currencies, thus reducing demand. Comex Silver prices spurted by Rs 517 to trade above the Rs 40,000 per kg after a gap of four months in futures trade today as traders created speculative positions, largely driven by a firming trend overseas.
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