Silver up on firm global advice, gold flat

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Mumbai, Sep 27 (UNI) Spot silver today closed higher at Rs 18,110 with a modest gain of Rs 10 per kg on firm advice from global markets while Gold remained steady at Rs 9470 per ten gm on scattered offers by stockists in view of 'shradh' till October 10, traders at the Bombay Bullion Association said.

Silver .999 fineness opened at a low of Rs 18,095 per kg on thin buying support from industrial users.

Later, it recovered and closed higher at Rs 18,110 per kg with a modest gain of Rs 10 from the previous day's close on lack of selling pressure along with bullish advice from global and upcountry markets.

In London, New York and Asian countries, white metal touched a high at USD 13.47/13.62 per troy ounce against USD 13.45/13.57 per troy ounce, the previous day.

However, standard gold (99.5) and pure gold (99.9) prices fluctuated in a narrow range during the session and finally both the prices ended flat at at Rs 9,420 for standard mint and for pure gold at Rs 9,470 per ten gm respectively from their last close on scattered in offers by stockists. But the buyers were cautious in view of shradh period till October 10, traders pointed out.

In London, New York and Asian markets, Yellow metal was down around at USD 732.25/735.00 per troy ounce as compared to USD 736.50/740.25 per troy ounce the previous day, traders added.

Following are the spot silver and gold closing prices: Silver (per kg) .999 grade : Rs 18,110 (18,100) Gold (per 10 gm): Standard mint 99.5 purity : Rs 9,420 (9,420) Pure gold 99.9 purity : Rs 9,470 (9,470) UNI

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