How gold, silver and platinum performed during the week ending June 3, 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

Due to profit booking, gold gave up initial gains and ended the week on a flat note.

Silver (Rs)

192

Despite the weekend profit booking, silver was able to maintain a very small gain.

($/troy ounce)

193

Platinum ended the week with 1% loss because the base metal sell off had a drubbing effect on platinum.

WTI Crude ($/barrel)

194

Crude oil jumped up by 3% and hit a 52 week high due reduction in inventory and the hint by Opec that it will maintain product current cuts.

Source Link