How gold, silver, platinum performed during the week ending July 8, 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

Traders have started shifting from volatile crude to safe haven gold and helped it to go up by 2% last week.

Silver (Rs)

Silver

Weakness in industrial demand neutralised the bullion demand and therefore, silver was flat during last week.

($/troy ounce)

Platinum

Industrial metal correction continues and this pulled down the price of platinum also by 1% during last week.

WTI Crude ($/barrel)

WTI Crude

In addition to the stalemate at Opec+ meeting, profit booking after price hit 6 year high also contributed to the 4% fall during last week.

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