How gold, silver, platinum performed during the week ending August 12, 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)

Gold

Fear of rate hikes by central bankers, due to speedier economic recovery, has pulled down gold prices.

Silver (Rs )

Silver

Being a more volatile bullion, silver has crashed faster than gold over the past week.

($/troy ounce)

Platinum

Platinum, however, was saved because of its industrial use and was able to move by 1%.

WTI Crude ($/barrel)

WTI Crude

Crude oil remained flat because the fear of increased production, as demanded by the White House, neutralised the economic recovery hopes.

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