Yellow Metal Trades High At Rs 47,004, Silver Too Up

INSUBCONTINENT EXCLUSIVE:
Gold, silver prices were trading high on Monday after last week's fallGold and silver prices moved a bit on the higher side on Monday after
a sharp fall last week in Indian markets
continued with outflow as holdings at SPDR Gold Shares declined to 1,017 tonnes from previous week's 1,020 tonnes
The CFTC data showed that money managers decreased their net long positions by 6146 lots in last week.Commodity prices traded mixed during
the week passed by with Bullion prices witnessed decline for the second week with risk on sentiments
Base metals continued to trade higher with Nickel rallying the most followed by Copper and Lead on a strong demand outlook
Crude oil prices traded higher on demand, growth prospectus.Gold prices in India after hitting a record high of Rs 56,200 in August last
year has seen a sharp fall from those levels.In international markets, gold rates were today flat, pressured by a stronger dollar
Spot gold was trading at $1,770.66 per ounce while silver was steady at silver $25.90 per ounce
A stronger dollar index makes gold more expensive for other currency holders.