Silver, Gold zoom up on strong global advice

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Mumbai, Sep 28 (UNI) Both the precious metals today zoomed up with Silver closing higher by Rs 85 per kg and standard mint Gold by Rs 90 per ten gm on firm advice from global and upcountry markets, traders at the Bombay Bullion Association said.

Silver .999 fineness opened at a high of Rs 18,195 per kg on fresh buying support from industrial users.

Later, it closed higher at the same opening level with a massive gain of Rs 85 from the previous day's close on good industrial users demand along with bullish advice from global and upcountry markets.

In London, New York and Asian countries, the white metal touched a high at USD 13.58/13.66 per troy ounce against USD 13.46/13.60 per troy ounce, the previous day.

Similarly, standard gold (99.5) and pure gold (99.9) resumed better levels at Rs 9495 and Rs 9545 respectively on lack of offers by stockists.

Later both the prices ended firm at at Rs 9,510 for standard mint and for pure gold at Rs 9,555 per ten gm respectively from their last close. However, there was some good ornament makers demand, traders pointed out.

In London, New York and Asian markets, Yellow metal was up around at USD 740.25/745.00 per troy ounce as compared to USD 733.50/739.25 per troy ounce the previous day, traders added.

Following are the spot silver and gold closing prices: Silver (per kg) .999 grade : Rs 18,195 (18,110) Gold (per 10 gm): Standard mint 99.5 purity : Rs 9,510 (9,420) Pure gold 99.9 purity : Rs 9,555 (9,470) UNI

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