How gold, silver, platinum performed for week ending February 3, 2022

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 prices remained weak due to the fear of interest rate hikes by global central bankers.

Silver (Rs)
Being a more volatile bullion, silver was down by more than 3% during the past week.

Platinum ($/troy ounce)
Subsiding Omicron fears and economic recovery hopes helped industrial metals like platinum to remain flat.

WTI Crude ($/barrel)
Since the quota increase by Opec+ for March is not enough, crude oil moved up by 2% and reached a new 52-week high.