Precious metals may perform on a positive note with promises of price rise in 2016, according to the our researcher. “Contributors to the 2016 Forecast Survey are predicting price increases across the board for all four metals,”

The survey contributors foresee modest increase of 1.1% in the gold price and a more bullish outcome for the white metals with price increases of 5.4% for both silver and platinum and a more significant increase of 12.7% for palladium prices.

This year bullish about the prospects of precious metal prices than they were in last year’s survey. Whilst analysts are bullish this is only expected to be a partial recovery with prices of all four metals forecast to be some way below last year’s highs.

Gold futures were up 0.10 percent to Rs 27,650 per 10 grams as traders raised bets amid positive cues from the global markets.

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