Gold, Silver inched up: BBA

Mumbai, Sep 30: Spot Silver advanced by Rs 230 per kg and Gold by Rs 125 per ten grams on bullish global advice during the week ended Sep 29 on the Bombay Bullion Exchange.

Silver fineness grade opened high on Monday last at Rs 18,180 per kg on better buying support from domestic industrial users. The white metal recorded a high of Rs 18,320 on Sep 29 and a low of Rs 18,100 per kg on Sept 27 and closed at Rs 18,320 per kg with a huge gain of Rs 230 from its last weekend close, traders said.

In the global market silver also closed high at USD 13.58/13.66 per troy ounce during the week ended Sept 28 as compared to the previous weekend close of USD 13.52/13.60 per troy ounce.

Similarly, standard mint gold (99.5 fineness) also opened upward on Monday last at Rs 9,500 per tem gm followed by pure gold (99.9 fineness) at Rs 9,550 per ten gm on festive demand from ornament makers.

The yellow metal registered a high of Rs 9,595 on Sept 29.

Likewise, pure gold also registered a high of Rs 9,645 on the same day.

Standard mint gold recorded a low of Rs 9,420 on Sept 27. Likewise pure gold also registered a low at Rs 9,470 on the same day.

Finally, standard gold and pure gold closed at Rs 9,595 and Rs 9,645 with a gain of Rs 125 each from their last week close.

Meanwhile, in London gold was USD 740/745.00 per troy ounce during the week ended Sept 29 as compared to the previous week's close of USD 736/738.00, traders added.

UNI