How gold, silver and platinum performed during the week ending March 17, 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)
Though strengthening of the US dollar and bond yields pressurised gold, it ended the week with a gain of 1% due to dovish stance by the US Fed.

Silver (Rs)
Volatility was more in silver and it ended the week with a gain of 2%.

($/troy ounce)
Though bullion demand pushed up its prices, a major portion of it was neutralised by the economic growth concerns.

WTI Crude ($/barrel)
Dovish stand by the US Fed raised concerns about growth and pulled down crude by 2%.