How gold, silver and platinum performed during the week ending on May 6, 2021


The scope and attractiveness of alternative investments is increasing. Here’s a weekly tracker of returns from such investments. But don’t compare these with returns from traditional investments since the proportion and purpose of alternative investments is vastly different.

Gold (995) (Rs)

191

Gold remained lacklustreduring the past week because the economic growth hope was neutralised by a softer dollar.

Silver (Rs)

192

Industrial demand for silver, mostly from electric vehicles, helped silver to gain 1% during the last week.

($/troy ounce)

193

Platinum is used as a catalyst in the hydrogen fuel cell applications and it jumped up 4% due to increased demand for fuel cell electric vehicles.

WTI Crude ($/barrel)

194

Hope of economic recovery, despite increasing Covid cases has helped crude to move up by 1%.



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