How gold, silver and platinum performed during the week ending on April 22, 2021

How gold, silver and platinum performed during the week ending on April 22, 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

Increasing Covid cases across the globe is augmenting investor interest in safe haven assets like gold.

Silver (Rs)

192

Being a more volatile bullion, silver surged more and ended the week with a gain of 3%. ($/troy ounce)

193

Low industrial demand, due to pandemic triggered economic concerns, neutralised Platinum’s bullion demand.

WTI Crude ($/barrel)

194

In addition to economic concerns triggered lower demand, surprise inventory build up also pulled the crude oil down.

About Author

Related posts