Silver. Gold close down on weaker global advice

Subscribe to Oneindia News

Mumbai, Sep 20 (UNI) Both the precious metals today closed softer with Silver down by Rs five per kg and pure Gold by Rs 25 per ten gm on increase in offers by stockists in view of weaker advice from global and upcountry markets, traders at the Bombay Bullion Association said.

Silver fineness opened lower at Rs 17,720 per kg on increase in offers by stockists. Later, it drifted further lower and closed negative at Rs 17,835 per kg with a modest loss of Rs five from the previous day's close on lack of fresh demand from industrial users along with weaker advice from global and upcountry markets.

In London, New York and Asian countries, white metal touched a low at USD 13.15/13.20 per troy ounce against USD 13.25/12.35 per troy ounce, the previous day.

Similarly, standard gold (99.5) and pure gold (99.9) also opened lower at Rs 9,375 and Rs 9,425 per ten gm respectively on poor ornament makers demand.

Later, the yellow metal eased again and closed lower at Rs 9,425 per ten gm for standard mint and pure gold at Rs 9,475 per ten gm.

There was poor ornament makers demand in view of discouraging advice from global and upcountry markets.

In London, New York and Asian markets, Yellow metal was down around at USD 725.25/730.00 per troy ounce as compared to USD 732.25/735.50 per troy ounce the previous day.

Following are the spot silver and gold closing prices: Silver (per kg) .999 grade : Rs 17,835 (17,840) Gold (per 10 gm): Standard mint 99.5 purity : Rs 9,425 (9,445) Pure gold 99.9 purity : Rs 9,475 (9,500) UNI

Please Wait while comments are loading...