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  • Silver Rate In Panaji

    Daily Silver Rates
    Date Silver (1 gram) Bar Silver (1 Kg)
    22 Feb 2017 ₹ 43.2 ₹ 43,200
    21 Feb 2017 ₹ 43.3 ₹ 43,300
    20 Feb 2017 ₹ 43.3 ₹ 43,300
    19 Feb 2017 ₹ 43.5 ₹ 43,500
    18 Feb 2017 ₹ 43.5 ₹ 43,500
    17 Feb 2017 ₹ 43.4 ₹ 43,400
    16 Feb 2017 ₹ 43.3 ₹ 43,300
    15 Feb 2017 ₹ 43 ₹ 43,000
    14 Feb 2017 ₹ 43.2 ₹ 43,200
    13 Feb 2017 ₹ 43 ₹ 43,000

    *Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

    Silver Rate in Panaji

    Panaji, the capital of the tourist capital of India, Goa is a city unlike other, full of culture and old world charm. The city was the gateway for traders into India in the past, serving as a key link in international trade. Silver was used extensively to pay for such trade, with the Arabs, Dutch, Portuguese and British trying to establish base here. Today, the city continues to be a major destination, attracting visitors from all over the globe. Silver prices in Panaji are determined by taking international costs into account, since a majority of the silver consumed here is imported.

    Trend of Silver Rate in Panaji for December 2016 (rates per kg)

    December 1st  Rate Rs.41,100 per kg
    December 31st  Rate Rs.39,600 per kg
    Highest Rate in December Rs.41,100 per kg on 1st December, 5th December, 6th December and 9th December
    Lowest Rate in December Rs.38,500 per kg on 26th December
    Overall Performance Decline
    Percentage Change -3.64%

    December '16 - Week 1 (1st to 4th)

    • Silver opened with a bang at Rs.41,100 per kg in December. This was also the highest rate at which silver traded during the month of December. This feat was again repeated during the next week.
    • The price declined to Rs.40,500 per kg on 2nd December as overseas demand also decreased.
    • A reduction in market performance pushed investors to safe haven assets like bullion resulting in silver ending the week at Rs.40,500 per kg on 4th December.

    December '16 - Week 2 (5th to 11th)

    • In the second week of December, price of silver continued to rise due to an increase in demand.
    • Silver traded at Rs.41,100 per kg on 5th December and continued till the next day. This was also the highest rate at which silver traded for the month of December.
    • However, this demand could not be sustained and prices fell thereafter.
    • On the 7th and 8th of December, the price of silver was Rs.40,700 per kg before rising to Rs.41,100 per kg on the 9th which was again, the highest rate at which silver was priced for December.
    • Silver prices dipped a little as the week ended, trading at Rs.41,000 per kg on 11th December.

    December '16 - Week 3 (12th to 18th)

    • The rate of silver was steady for the first 3 days of the week at Rs.41,000 per kg. However, due to a decrease in demand overseas, price of silver continued declining steadily thereafter.
    • Silver traded at Rs.39,000 per kg on the last two days of the week which was also one of the lowest rates at which silver was priced, for the entire month of December.
    • This steady decline in price could be attributed to low demand and a fickle market.

    December '16 – Week 4 (19th to 25th)

    • Due to a decrease in demand overall, the rate of silver was quite low during the fourth week of December.
    • Silver opened at Rs.39,500 per kg on the first day of the week and reduced the Rs.300 the next day.
    • Price of silver increased to Rs.39,500 per kg again on the 21st. However this demand could not be sustained.
    • Stagnant demand led to the week ending with silver prices unchanged at Rs.39,000 per kg, as silver traded at its lowest rate for the month.

    December '16 – Week 5 (26th to 31st)

    • Declining demand led to silver prices falling, and the metal traded at Rs.38,500 per kg on the 26th of December which was also the lowest rate at which silver traded at, for the month of December.
    • Fears of a slowdown in Asian markets led to global markets falling, which increased demand for silver, boosting prices to Rs.39,500 per kg on 29th December.
    • Domestic retail demand appeared to be increasing as the currency shortage abated, which led to an increase in the price of silver.
    • A sudden dip in demand led to silver ending the year at Rs.39,600 per kg on 31st December, recording a decline of 3.64% in value.
    November 1st Rate Rs.42,600 per kg
    November 30th Rate Rs.41,100 per kg
    Highest Rate in November Rs.45,000 per kg on 12th & 13th November
    Lowest Rate in November Rs.40,200 per kg on 23rd & 25th November
    Overall Performance Decline
    Percentage Change -3.52%

    November '16 - Week 1 (1st to 6th)

    • Silver prices in Panaji were high owing to strong industrial demand.
    • Silver traded at Rs.42,600 per kg on 1st November as markets fluctuated and the U.S. Dollar traded lower against global currencies.
    • The upcoming presidential election caused U.S. markets to slip, which led to higher volumes of trade in bullion.
    • The festive season in India also contributed to high demand for silver from the retail sector.
    • Silver was priced at Rs.43,500 per kg on 6th November.

    November '16 - Week 2 (7th to 13th)

    • The surprise election of Donald Trump as U.S. President and the announcement of the demonetisation of Rs.1,000 and Rs.500 notes led the markets to collapse, which stimulated trade in bullion.
    • Silver traded at Rs.43,500 per kg on 7th November and rose by the middle of the week.
    • The demonetisation announcement caused widespread panic as investors rushed to bullion, pushing silver prices higher.
    • Silver traded at a monthly high of Rs.45,000 per kg on 13th November as the week ended on brisk trading.

    November '16 - Week 3 (14th to 20th)

    • Silver prices began to stabilise and drop as a currency shortage following the withdrawal of Rs.1,000 and Rs.500 notes affected all sections of the economy.
    • Industrial and retails demand both suffered from stricter controls on bullion trade and a paucity of cash.
    • Silver traded at Rs.44,000 per kg on 14th November, with prices falling marginally throughout the week.
    • The week ended with silver trading at Rs.40,600 per kg on 20th November on poor demand.

    November '16 - Week 4 and 5 (21st to 30th)

    • As markets rallied on the possibility of a U.S. Fed rate hike, demand for silver plunged.
    • Silver traded at Rs.41,100 per kg on 21st November before sinking to a monthly low of Rs.40,200 on 23rd November.
    • The continued shortage of legal tender led to stagnant retail demand during the festive season, dealing a further blow to silver rates.
    • Prices recovered marginally as the month ended, with silver trading at Rs.41,100 per kg on 30th November.
    Factor October
    1st Day Rs.45,500 per kilogram
    Last Day Rs.42,600 per kilogram
    Highest Price Rs.45,500 per kilogram from 1st to 3rd October
    Lowest Price Rs.41,700 per kilogram on 8th and 9th October
    Trend Decline
    Change -6.37%

    October 2016 – Week 1 and 2 (1st to 9th)

    • Silver traded at Rs.45,500 per kilogram, the highest price for this month, on 1st to 3rd October.
    • Initially, demand for silver was high but market trends turned bearish and demand declined.
    • Silver rates dropped as the dollar gained strength against other currencies.
    • By 8th and 9th October, silver was trading at Rs.41,700 per kilogram, the lowest rate for this week.
    • The trend for this week was a decline in silver rates.

    October 2016 – Week 3 (10th to 16th)

    • Silver rates increased this week to Rs.42,000 on 10th and 11th October.
    • Uncertainty surrounding the Fed rate hike played in favour of silver this week.
    • By 12th October, silver rates climbed to Rs.42,100 per kilogram and remained unchanged going into the fourth week of October.
    • Reduced offtake by coin makers and industrial units did not have much effect on silver rates this week.

    October 2016 – Week 4 (17th to 23rd)

    • On 17th October, silver traded at Rs.42,100 per kilogram.
    • There were fluctuations through the week, but silver rates settled back to Rs.42,100 per kilogram on 22nd and 23rd October.
    • The highest price for this week was recorded on 20th and 21st October at Rs.42,300 per kilogram.
    • The increase in prices could be attributed to increased offtake by industrial units and coin makers.
    • Retailers and jewellers are hoping to see an increase in demand as the wedding season takes off.

    October 2016 – Week 5 (24th to 31st)

    • On 26th and 27th October, silver traded at Rs.42,300 per kilogram.
    • The increase in prices this week are a result of favourable trends in the markets that gave demand for silver a boost.
    • On 29th October, silver was able to recover and trade at Rs.42,600 per kilogram.
    • Rates remained unchanged till October 31st.
    • The recovery in prices did not overcome the declining trend for this month.
    • Silver prices fell by 6.37% in the month of October.
    1st Day Rs.44,300 per kilogram
    Last Day Rs.45,500 per kilogram
    Highest Price Rs.46,600 per kilogram on 9th September
    Lowest Price Rs.44,200 per kilogram on 2nd September
    Trend Increase
    Change +2.70%

    September '16 - Week 1 (1st to 4th)

    • The market for silver was bright this week.
    • On 1st September, the price of silver was Rs.44,300 per kilogram.
    • Prices dropped on 2nd September to Rs.44,200 per kilogram but was short lived.
    • Silver rates soon picked up with festive demand in the domestic market coupled with positive global trends.
    • Anticipation of a Fed rate hike died down and prices increased gradually.
    • By the end of the week, the price of silver touched Rs.45,300 per kilogram.

    September '16 - Week 2 (5th to 11th)

    • Silver prices continued to increase this week.
    • On 5th September, silver traded at Rs.45,300 per kilogram.
    • By 9th September, the price of silver climbed to Rs.46,600 per kilogram, which was the highest rate for this month.
    • Prospects of a rate hike by the U.S. Federal Reserve cropped up again despite weak economic data from the U.S.
    • A downward trend took silver rates to Rs.45,600 per kilogram by 10th September.

    September '16 - Week 3 (12th to 18th)

    • Stable prices ruled the market this week.
    • The price of silver stayed constant at Rs.45,600 per kilogram from 10th to 15th September.
    • With prospects of a Fed rate hike sprouting up again, investors took to the sidelines.
    • Demand for silver dropped and prices followed suit.
    • The price of silver was Rs.45,100 per kilogram from 16th to 18th September.

    September '16 - Week 4 (19th to 25th)

    • On 19th September, silver continued to traded at Rs.45,100 per kilogram.
    • The drop in the price of silver was temporary as prices jumped back up to Rs.45,600 per kilogram on 21st September.
    • Industrial offtake was strong in the domestic market lending support to silver rates.
    • On 25th September, silver prices climbed yet again to trade at Rs.46,200 per kilogram.
    • The trend for this week was an increase of 2.44%.

    September '16 - Week 5 (26th to 30th)

    • Silver traded at Rs.46,200 per kilogram from 26th September till 29th September.
    • With the U.S. economy improving, the dollar gained against a basket of currencies.
    • Silver prices dropped to Rs.45,500 per kilogram on 30th September as bearish sentiments took over the global market.
    • Domestic demand was subdued even though the festive season draws near.
    • The trend for this month was an increase in prices by 2.70%.
    Factor August
    1st August Rs.48,100 per kilogram
    31st August Rs.44,600 per kilogram
    Highest Price Rs.48,400 per kilogram on 03rd August
    Lowest Price Rs.44,200 per kilogram from 26th to 29th August
    Trend Decline in silver prices
    Change -7.27%

    August '16 – Weeks 1 (1st to 7th)

    • Silver opened at Rs.48,100 per kilogram on the first day of the week.
    • On the 03rd of August, highest silver rate of Rs.48,400 per kilogram was recorded.
    • From 4th to 7th of August, silver prices fell gradually due to subdued demand from domestic spot market.
    • Silver traded at Rs.47,200 per kilogram on the 7th of August.

    August '16 – Week 2 (8th to 14th)

    • Fed rate hike speculation had a negative effect on silver prices in india due to which silver fell by Rs.700 on the first day of this week.
    • Silver traded at Rs.46,500 per kilogram on 8th August.
    • Silver prices increased by Rs.600 per kilogram on 10th August.
    • After remaining stable for 3 days, silver prices fell by Rs.400 and closed at Rs.46,700 per kilogram.

    August '16– Week 3 (15th to 21st)

    • On 15th of August, silver traded at Rs.46,700 per kilogram and remained the same till 17th of August.
    • Following weak trend overseas, on 18th August, silver fell by Rs.200 and traded at Rs.46,500 per kilogram and further drifted by Rs.500 on 20th of August.
    • Silver closed at Rs.46,000 per kilogram.

    August '16– Week 4 (22nd to 28th)

    • On 22nd of August, silver prices dropped by Rs.1000 and traded at Rs.45,000 per kilogram.
    • A slight increase on the second day of the week can be ignored as silver prices continued to drift and touched the lowest silver rate of the month on 26th of August when silver traded at Rs.44,200 per kilogram.
    • Silver remained at the lowest rate of the month till the end of the week.

    August '16 - Week 5 (29th to 31st)

    • Silver prices remained low and traded at Rs.44,200 per kilogram on 29th of the month.
    • During the last two days of the week, silver prices increased by Rs.400 per kilogram.
    • Despite Fed rate hike speculation, positive U.S employment data and lack of demand from coin makers, experts believe that silver prices will increase during the second half of the week due to the festive season in India.
    • Silver closed at Rs.44,600 per kilogram.
    1st July rate Rs.43.500
    31st July rate Rs.47,500
    Highest rate in July Rs.48,500 on the 6th of July
    Lowest rate in July Rs.43,500 on the 1st of July
    Overall performance Rising
    % Change +11.49%

    July'16 - Week 1 and 2 (1st to 10th)

    • Silver prices were recorded at Rs.43.500 on the 1st of July.
    • An increase on the 2nd of July by Rs.1,500 ensured that silver closed the first week of the month at Rs.45,000 per kilogram.
    • Silver prices started the second week of July with an increase of Rs.2.500 from the previous week’s closing rate, at Rs.47.500.
    • Prices remained unchanged from the previous days level, followed by an increase of Rs.500 on the 6th and a decline of Rs.500 on the 7th before a further decline of Rs.1000 on the 8th saw prices drop to Rs.47,000.
    • There was no change in prices for the next two days and silver closed the second week of July at Rs.47,000

    July'16 - Week 3 (11th to 17th)

    • Silver prices fell by Rs.600 on the first day of the third week of July and started the week at Rs.46,400 per kilogram.
    • An increase by Rs.100 on the 12th was followed by an increase of Rs.900 as prices stood at Rs.47,400 on the 13th.
    • Minor fluctuations occurred during the next two days and prices gained stability at Rs.47,500 on the 16th and 17th before a decline of Rs.400 ensured that silver closed the week at Rs.47,100 per kilogram.

    July '16 - Week 4 (18th to 24th)

    • Silver was valued at Rs.47,100 per kilogram on the first day of the penultimate week of July.
    • A decline by Rs.600 on the 19th pushed prices down to Rs.46,500, after which another decline on the 20th pushed prices down to Rs.46,400.
    • Prices then fell by Rs.400 on the 21st to Rs.46,000 and an increase by Rs.800 on the 22nd saw prices rise and remain constant to close the week at Rs.46,800 per kilogram.

    July‘16 - Week 5 (25th to 31st)

    • Unchanged from the previous week, silver prices started the last week of July at Rs.46,800 per kilogram.
    • Prices fell by Rs.300 and remained stable at Rs.46,500 on the 26th and 27th of July.
    • An increase by Rs.1,300 on the 28th saw prices rise to Rs.47,800 before a decline by Rs.300 ended with stable rates at Rs.47,500 until the end of the month.
    June 1st Rate Rs.38,800 per kg
    June 30th Rate Rs.43,500 per kg
    Highest Rate in June Rs.43,500 per kg on 30th of June
    Lowest Rate in June Rs.38,500 per kg on the 2nd of June
    Overall Performance Rising
    Percentage Change 12.11%

    Jun'16 - Week 1 (1st to 4th)

    • Silver traded at Rs.38,800 per kg on the 1st of June.
    • Silver came down to Rs.38,500 on 2nd of June and the rates stayed the same on the 3rd of June.
    • Silver closed the week at Rs.39,100 per kg on the 4th of June.

    Jun'16 - Week 2 (5th to 11th)

    • Silver traded at Rs.39,100 per kg on the 5th of June.
    • Silver traded at Rs. 39,400 on the 8th of June.
    • The price of silver hit Rs. 40,900 per kg on the 10th of June.
    • Silver hit the highest for the week on the 11th of June at Rs.41,000 per kg.

    Jun'16 - Week 3 (12th to 18th)

    • Silver traded at Rs. 41,000 per kg on the 12th of June.
    • The price of silver dropped down by Rs.200 per kg on the 13th as silver traded at Rs.40,800.
    • Silver managed to pick up again as it hit Rs.42,100 per kg on the 16th of June.
    • Silver traded at Rs.41,500 per kg on the 18th of June.

    Jun'16 - Week 4 (19th to 25th)

    • Silver traded at Rs.41,500 per kg on the 19th of June.
    • On the 21st of June, silver traded at Rs.42,000 per kg.
    • Silver dropped to Rs.41,200 per kg on the 23rd of June.
    • Silver traded at Rs.42,000 on the 25th of June.

    Jun'16 - Week 5 (26th to 30th)

    • The price of silver remained unchanged and traded at Rs.42,000 per kg on the 26th of June.
    • Silver witnessed an incline of Rs.400 and traded at Rs.42,400 per kg on the 28th of June.
    • Silver closed the month at Rs.43,500 per kg on the 30th of June.
    1st May rate Rs. 41,900
    31st May rate Rs. 38,500
    Highest rate in May Rs. 41,900 on 1st and 2nd of May
    Lowest rate in May Rs. 38,500 on 30th and 31st of May
    Overall performance Loss/Negative
    % Change -8.11%

    May '16 - Weeks 1 and 2 (1st to 8th)

    • The price of silver was stable at the start of the week, before prices dropped towards the middle of the week and then recovered as demand rose.
    • Silver was priced at Rs. 41,900 per kg on the 1st and 2nd of May in Panaji, as demand form industry was constant.
    • The price fell to Rs. 41,000 per kg on the 3rd of May, a fall of Rs. 600 as domestic demand fell.
    • International demand kept the price from dropping as silver recovered, trading at Rs. 41,400 per kg on the 8th of May.

    May '16 -Week 3 (9th to 15th)

    • Prices fell as the Dollar strengthened and stock markets made gains on news that the Federal Reserve could raise key interest rates in the month of June.
    • Silver traded at Rs. 41,200 on the 9th of May, a fall of Rs. 200 from the previous week.
    • The price stayed constant for the next day before falling by Rs. 300 to Rs. 40,900 per kg on the 11th of May.
    • Fluctuations in the price occurred for the rest of the week, before settling at Rs. 41,200 per kg on the 15th of May.

    May '16 - Week 4 (16th to 22nd)

    • A fall in the price of silver over the week was observed, as the markets made gains and the price of the Dollar rose.
    • Silver traded at Rs. 41,200 per kg, remaining unchanged from the previous week before falling to Rs. 40,800 per kg on the 17th of May as demand for silver dropped.
    • The prices continued to stay low as the week progressed, as the market rally kept demand for silver low.
    • Prices dropped to Rs. 39,700 per kg on the 22nd of May, falling below Rs. 40,000 for the first time in the month.

    May '16 - Weeks 5 and 6 (23rd to 31st)

    • Silver prices in the last two weeks of May were characterised by a steady reduction in price as the stock markets began to gain and the Dollar value rose ahead of the U.S. job market data being released.
    • Silver was priced at Rs. 39,600 per kg on the 23rd of May and fell throughout the week, losing value by Rs. 100 per day on average.
    • Silver had its biggest drop on the 30th of May, when the price fell to Rs. 38,500 per kg as the markets anticipated better-than-expected data from the job market, which pushed up the Dollar price.
    • The price remained unchanged as the month ended, with silver trading at Rs. 38,500 per kg on the 31st of May.
    April 1st Rate Rs.36,800
    April 30th Rate Rs.41,900
    Highest Rate in April Rs.42,000 on the 29th of April
    Lowest Rate in April Rs.35,900 on the 4th of April
    Overall Performance Gain / Positive
    Percentage Change +13.9%

    Apr'16 - Weeks 1 & 2 (1st to 10th)

    • Silver rates declined till the fourth day of the month following which a steady incline was recorded over the next four days before they gained stability on the 8th of the month.
    • Prices were recorded at Rs.36,800 on the 1st of April and Rs.36,300 on the 10th.
    • Rates began to increase on the fifth day of trading thanks to firming local and international cues as well as an increase in industrial demand.

    Apr ‘16 - Week 3 (11th to 17th)

    • Silver rates increased steadily for the first three days of the week before becoming stable for the remainder of the seven-day period.
    • Prices were recorded at Rs.36,900 on the 11th of April and Rs.38,400 on the 17th.
    • Rates increased by Rs.1500 during the course of the week.

    Apr ‘16 - Week 4 (18th to 24th)

    • The fourth week of April recorded consistent increases as the week progressed barring a slight decline on the 22nd after which they remained constant until the end of the week.
    • Prices were recorded at Rs.38,500 on the 18th of April and Rs.40,400 on the 24th of the month.
    • The penultimate week recorded the highest jump in prices as rates rose by Rs.1900 over the seven days.

    Apr ‘16 - Week 5 (25th to 30th)

    • Silver prices continued increasing during the last week of April except for a marginal loss on the second day of trading.
    • Prices were recorded at Rs.40,400 on the 25th of April and Rs.41,900 on the last day of the month.
    1st March rate Rs.36,400
    31st March rate Rs.36,400
    Highest rate in March Rs.37,700 from 21st to 24th
    Lowest rate in March Rs.36,300 on 29th and 30th
    Overall performance No change
    % Change 0%

    Mar'16 - Week 1 (1st to 6th)

    • Silver rates were constant at Rs.36,400 for the most part of the first week, except on 2nd when prices rose to Rs.37,710 before settling back at Rs.36,400 from 3rd onwards.

    Mar'16 - Mar'16 - Week 2 (7th to 13th)

    • Silver rates were stable at Rs.36,400 in the second week.

    Mar'16 - Week 3 (14th to 20th)

    • Silver prices were again stable at Rs.36,400 over the course of the third week.

    Mar'16 - Week 4 (21st to 27th)

    • Silver started the third week on a high note at Rs.37,700.
    • Prices were constant at that level till 25th before declining to Rs.36,600 on 26th and 27th.

    Mar'16 - Week 5 (28th to 31st)

    • Silver experienced marginal losses in the last week of trading in March.
    • Prices were Rs.36,600 on 28th and Rs.36,400 on 31st.

    Details of Silver Price in Panaji (1 Kg) - Till December 2015

    Silver prices in Panaji closely reflect prices across the country, with minute variations witnessed on a daily basis. The current price for 1 kg silver in the city is Rs 36,325 (as of December 22, 2015), with the prices hovering around the Rs 36,000 mark for most of this month. Silver rates have remained under the Rs 40,000 mark per kg for most of the year, crossing it in May, when a kg of silver cost around Rs 43,500. March, July and December have been good months for silver aficionados, with the prices staying close to the Rs 35,000 mark per kg of silver.

    Silver as an investment

    Silver has been around for centuries, and while it may not be expensive enough to wage wars, it has managed to hold its own over all these years. Considered as a safe investment, silver offers people who can’t afford gold or diamond the opportunity to own a precious metal which finds applications across the globe. A limited supply coupled with high demand make it a highly liquid investment, offering a chance to make quick money. With individuals looking to diversify their investment portfolios, silver has found itself on the list of many youngsters in the country. Buying silver in its physical form or indulging in trade through silver contracts are two of the popular investment avenues in India today.

    Silver contracts – Silver contracts are new to a majority of the population in India, limited to those who are aware of how the markets function and are not afraid to take risks. Trading in such markets typically involves purchasing silver in bulk, with the National Multi Commodity Exchange, the National Commodity and Derivatives Exchange and the Multi Commodity Exchange offering a platform for enthusiasts to indulge in such trade. Ability to predict market trends could be beneficial while participating in the market.

    Physical silver – Silver in the form of coins, bars and jewellery continues to be the preferred form of owning the white metal, with thousands across Panaji opting for them on a regular basis. Silver coins and bars can be used exclusively for investment, as they maintain their value over time, in comparison to jewellery which can lose its value after a particular period. Silver can be purchased from jewellers across the city, with an option for every budget available. Silver coins purchased from banks tend to be more expensive on account of quality assurances and purity checks.

    Also Check Silver Price in NearBy Cities of Panaji

    Silver Rate In Pune Silver Rate In Kolhapur Silver Rate In Mysore
    Silver Rate In Mumbai Silver Rate In Mangalore Silver Rate In Bangalore

    News About Silver Rate In Panaji

    • US Federal Reserve unable to hike interest rates – gold holds steady

      Gold held steady at $1,230 (ounce) and is expected to continue to be supported by concerns that the global economy will face financial volatility if the US Fed hikes US interest rates any further anytime soon.

      The SPDR Gold Trust (which is the largest gold ETF in the world) reported a rise of 0.38% on Thursday – up no to 713.63 tonnes.

      19th February 2016

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