Post negative returns for the last two years bullion complex witnessed decent start to 2015 with both gold and silver marking strong performance at Comex and MCX markets as per the monthly closing is concerned. Silver being highly mercurial in nature backed by its higher beat jumped around 10% at Comex markets whereas gold stepped up nearly 8.5% to $18.50 and $1284 per ounce mark respectively as of January end. Gains in the local markets though were somewhat lower than international markets as rupee appreciation against the US dollar and speculation rising locally that the Gol may cut import duty during the forthcoming fiscal Budget kept local gains capped.
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