Golden Investment Research Private Limited
MCX Gold
Spot MCX Gold prices came under pressure on Monday on the back of a stronger dollar. Additionally, fall in MCX Crude oil prices also affected inflation-led demand for gold in yesterday's trading session. The yellow metal touched an intra-day low of $1716/oz and ended its trading session at the level of $1728/oz on Monday. MCX Gold February contract rose around 0.4 percent yesterday on account of depreciation in the Indian Rupee. The yellow metal touched an intra-day high of Rs28,094/10 gms and closed at the level of Rs28,059/10 gms on Monday.
Spot MCX Gold prices came under pressure on Monday on the back of a stronger dollar. Additionally, fall in MCX Crude oil prices also affected inflation-led demand for gold in yesterday's trading session. The yellow metal touched an intra-day low of $1716/oz and ended its trading session at the level of $1728/oz on Monday. MCX Gold February contract rose around 0.4 percent yesterday on account of depreciation in the Indian Rupee. The yellow metal touched an intra-day high of Rs28,094/10 gms and closed at the level of Rs28,059/10 gms on Monday.
MCX Silver
Taking cues from fall in MCX Gold prices along with dollar strength, spot MCX Silver prices declined more than 1 percent in yesterday's trading session. The white metal touched an intra-day low of $33.01/oz and closed at the level of $33.5/oz on Monday. On the MCX, Silver March contract declined around 0.3 percent as sharp decline was cushioned due to depreciation in the Indian Rupee.
Taking cues from fall in MCX Gold prices along with dollar strength, spot MCX Silver prices declined more than 1 percent in yesterday's trading session. The white metal touched an intra-day low of $33.01/oz and closed at the level of $33.5/oz on Monday. On the MCX, Silver March contract declined around 0.3 percent as sharp decline was cushioned due to depreciation in the Indian Rupee.
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