Pure Gold closes at 5mth high on firm global advice

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Mumbai, Sep 17: Pure Gold today closed at a five month high of Rs 9,400 mark per ten gm with a smart gain of Rs 75 even as Silver jumped up by Rs 115 on encouraging advice from global and upcountry markets, traders at the Bombay Bullion Association said.

Trading resumed today after Ganesh Chaturthi holiday last saturday. Silver fineness opened higher at Rs 17,530 per kg on fresh industrial users demand. Later, it closed at opening level with a massive gain of Rs 115 from the previous day's close on reduced in offers by stockists along with firm advice from global and upcountry markets.

In London, New York and Asian countries, white metal hiked around at USD 12.55/12.62 per troy ounce against USD 12.45/12.52 per troy ounce, the previous day.

Similarly, standard gold (99.5) and pure gold (99.9) also opened higher at Rs 9,335 and Rs 9,380 per ten gm on scattered seasonal demand by local ornament makers.

Later, the yellow metal closed five months high at Rs 9,355 per ten gm for standard mint and pure gold at Rs 9,400 per ten gm with a smart gain of Rs 75 from their last close.

There were reduced in offers by stockists in view of encouraging advice from global and upcountry markets.

In London, New York and Asian markets, Yellow metal was up around at USD 710.25/711.00 per troy ounce as compared to USD 705.25/707.50 per troy ounce the previous day.

Following are the spot silver and gold closing prices: Silver (per kg) .999 grade : Rs 17,530 (17,415) Gold (per 10 gm): Standard mint 99.5 purity : Rs 9,355 (9,280) Pure gold 99.9 purity : Rs 9,400 (9,325) UNI

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