Spot gold prices ended lower by 0.4 percent on Monday and touched an intra-day low of $1640.64/oz.
In the initial part of the trade, the yellow declined more than 1 percent due to mixed sentiments in the global markets. But in the later part of the trade, positive retail sales data from the US led gold to trim most of its earlier losses. Additionally, weakness in the US Dollar Index also cushioned a further decline in metal prices.
The yellow metal closed its trading session at $1651.6/oz on Monday. MCX gold June contract declined slightly by 0.1 percent touching an intra-day low of Rs.28,441/10 gms and ended its trading session at Rs. 28,561/10 gms yesterday.
Silver
Silver traded slightly lower by 0.1 percent on the international markets on Monday, taking cues from fall in gold prices and mixed market sentiments.
However, further decline was cushioned on account of a weaker Dollar Index and upside in base metals pack yesterday.
The white metal touched an intra-day low of $31.16/oz and closed at $31.45/oz on Monday. MCX Silver May contract rose around 0.2 percent yesterday on account of depreciation in the Indian rupee.
MCX Silver touched an intra-day high of Rs56,199/kg and ended at Rs. 55,920/kg on Monday.
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Precious Metals Settle Lower On US Retail Sales Data: April 17, 2012
Published 04/17/2012, 05:10 AM
Updated 05/14/2017, 06:45 AM
Precious Metals Settle Lower On US Retail Sales Data: April 17, 2012
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