Investing.com - Financial Markets Worldwide
🔮 Better than the Oracle? Our Fair Value found this +42% bagger 5 months before Buffett bought itRead More

Precious Metals Edges Higher on Global Cues

ByCommodityOnline
Published 10/27/2011, 09:56 AM
Updated 05/14/2017, 06:45 AM
GC
-
HG
-
SI
-
GLD
-
SLV
-
IMOEX
-

Gold prices rose around 1.2 percent on Wednesday touching a one-month high of $1726/oz and ended its session at $1723/oz.

However, further gains were resisted due to rise in risk appetite in the global financial markets. On the MCX, Gold December contract gained around 0.8 percent and touched an intra-day high of Rs27, 610/10 gms yesterday.

Holdings in the SPDR Gold Trust, world's largest gold-backed exchange-traded-fund (ETF), stood unchanged from the previous session at 1,244.156 tonnes by 26th October 2011.

Taking cues from rise in gold prices and upside in copper, spot silver also traded higher by 0.6 percent in yesterday’s trading session. The white metal touched an intra-day high of $33.93/oz and ended its trading session at $33.40/oz on Wednesday. MCX Silver December contract gained around 1.2 percent and touched an intra-day high of Rs.55,996/kg yesterday.

Holdings in the iShares Silver Trust, the world's largest silver backed exchange-traded fund, declined around 1.6 percent to 9,734.81 tonnes by till 26th October from the previous 9893.73 tonnes on 19th October 2011.

Latest comments

Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.