Market Update

Market Watch

Friday, 6 May 2016

MCX Market Live Update By CpitalHeight

Gold was set to post its biggest weekly decline in six weeks on Friday. For More Information Visit

     Spot gold was little changed at $1,278.70 an ounce by 0318 GMT.
      Gold is sensitive to interest rates as rising rates lift the opportunity cost of holding non-yielding bullion.
       Among other precious metals, silver was poised for a near 3 percent weekly loss, after four weeks of gains. Platinum  was down 1 percent, snapping a five-week winning streak, while palladium was set to post a 4 percent loss for the week.
                 PRICES AT 0318 GMT   
         Metal                     Last        Change           Pct chg
        Spot gold               1278.7      1.04               0.08
        Spot silver             17.29      -0.036             -0.21
        Spot platinum       1062.3      4.56             0.43
        Spot palladium      600.5        3.45           0.58
       Comex gold           1280.9          8.6          0.68
       Comex silver          17.38          0.053         0.31


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  2. Gold rates drifted lower on this Tuesday, the pulling back from the previous session's 6week lofty as investors awaited remarks from the after that skull of the FR (Federal Reserve) for fresh clues on the probable trajectory of financial policy.
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