Gold - May 25, 2021 - Mr Tapan Patel - Senior Analyst (Commodities), HDFC Securities
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Gold, silver rates jump for third week straight; expect bullion prices to climb further © Provided by The Financial Express The precious metals rallied supported by the weaker dollar and fall in US bond yields while traders and investors continued their bets on rising inflation worries. (Image: REUTERS)
By
Tapan Patel
Commodity prices traded mixed during the week passed by with Bullion prices rallied on inflation hedge. Base metals complex continued downside as China signalled policy action to curb rising prices. Crude oil prices declined with progress in Iran nuclear talks adding supply pressure.
Gold prices traded higher with spot gold prices at COMEX rose by 2% to $1881.25 per ounce for the week. Gold prices at MCX gained by 1.53% to Rs 48,404 per 10 gram as rupee appreciation capped upside during the week. The spot rupee rose by 0.62% against the dollar for the week. Gold ETF holdings witnessed inflows as holdings at SPDR Gold Shares rose to 1043 tonnes from the previ
Gold - May 24, 2021 - Mr Tapan Patel- Senior Analyst (Commodities), HDFC Securities
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Gold - May 21, 2021 - Mr Tapan Patel - Senior Analyst (Commodities), HDFC Securities
equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.