,326, according to Reuters technical analyst Wang Tao.Among other precious metals, silver was down 0.6 percent at $16.57 an ounce.Palladium was 0.4 percent lower at $1,028.65, after rising to the highest since Feb
,354 as it seems to have stabilised around a support at $1,326 per ounce, according to Reuters technical analyst Wang Tao.Spot silver rose 1.1 percent to $16.92 per ounce. It fell 3.7 percent on Friday in its
"The demand was mainly driven by jewellery, which grew as GST stabilised, stock markets performed well and GDP growth leading to better economy and consumer sentiment, particularly in the rural areas, as the effect of demonetisation wore off," WGC Managing Director, India, Somasundaram PR told PTI.
raised their net long position in COMEX gold contracts in the week to Jan. 30 to their highest level since late-September, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday.Spot silver
with the government today reducing import duties on these items.The following is a list of imported items that will become costlier:* Cars and motorcycles* Mobile phones* Silver* Gold* Vegetable, fruit juices
Gold prices fell by Rs 250 to trade at Rs 31,200 per 10 grams at the bullion market today due to a slowdown in buying by local jewellers even as the rates of the precious metal strengthened overseas.Silver
investors.Spot gold is expected to gain more to $1,381 per ounce, as it has broken a resistance at $1,354, said Reuters technical analyst Wang Tao.Among other precious metals, spot silver was down 0.2 percent