• Gold and silver daily review (September 10, 2015)


    Spot gold prices declined by 1.4 percent on Wednesday to close at $1105.7 per ounce as equities strengthened and the dollar firmed though prices remained hemmed into a narrow range ahead of next week's Federal Reserve meeting.

    The gold market will be closely watching the U.S. central bank's next policy statement on Sept. 17 for clues on the timing of a U.S. interest rate rise.

    On the MCX, gold prices declined by 1.38 percent to close at Rs.26252 per 10 gms.


    Spot silver prices declined by 1.4 percent on Wednesday to close at $14.6 per ounce. The fall is in line with declining gold prices and strengthening dollar.

    On the MCX, silver prices declined by 1.05 percent to close at Rs.36017 per kg.


    The possibility of rate hike by the US Federal Reserve and strengthening dollar creates a sense of optimism in the US economy in turn exerting downside pressure on the yellow metal.

    ON the MCX, gold prices are expected to trade lower today.

    Contributed by Angel Broking
About us
StockMarketsReview.com provides news coverage, analysis and researches for world stock markets, commodities and currencies. We publish articles provided by experts of leading brokerage and investment companies. At our website investors can find daily, weekly and monthly reports, news, recommendations on the IPOs and fundamental analysis for stocks which are currently traded at the stock exchange.