Forex News: Gold Price June 17 2017 (39)

Silver Funds Struggle Despite Higher Inflation Hopes (SLV, SIVR)

You’re sure to find a plenty of bearish or bullish opinions right now given the mishmash of positive and negative news from Wall Street , the economy, employment numbers, commodity prices and several other indicators. Gold for August delivery rose 0.2% to $1,256.50 a troy ounce on the Comex division of the New York Mercantile Exchange, rallying on bargain hunting after hitting three-week lows on Thursday. Take a look at some of the major imports of gold into India, who ultimately have a hand in fixing the gold prices in India for the wholesale gold rates in India.

This tables shows the latest silver price in Dubai in United Arab Emirates Dirham (AED) updated every 1 hour based on live spot silver price. It traded at an all-time high at $38.25 in June 2015 and turned sharply lower, falling under a buck in the first quarter of 2016.

Although the correlation between the two metals is not hard and fast, price charts certainly show that as gold rises and falls, so does silver. Group of 7 Nations – United States, Japan, Germany, United Kingdom, France, Italy and Canada. But, it has given substantial returns ever since the Lehman crisis erupted in 2008, which saw gold price in India rally.

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