Monday, March 12, 2012

Price of Gold Shines


Future exchange contract price of gold for April delivery rose for a fourth day on the Comex in New York. Contract price of gold on the opening morning rose 0.3% to U.S. $ 1717.40 per troy ounce. At 6:05 pm today Singapore time, the same contract at the level of U.S. $ 1716.90 per troy ounce. Meanwhile, gold price in Spot Market recorded a little change in the level of U.S. $ 1714.68 per troy ounce.

In addition to the gold price, silver price also rose. Silver futures prices for delivery in May rose 0.5% to 34.375 per troy ounce on the Comex in New York. However, at 6:15 o'clock today, the same contract traded on the position of U.S. $ 34.37 per troy ounce. Silver prices in the spot market also rose by 0.2% to U.S. $ 34.3725 per troy ounce.

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