Silver falls by Rs 415 per kg during the week

Mumbai, Dec 16: The precious metals slided with silver heavily down by Rs 415 per kg and gold meagre down by Rs 30 per ten gm during the week ending on December 15 at the Bombay Bullion Exchange (BBA).

Silver (.999 fineness) grade opened slightly high on Monday at Rs 19,075 per kg amid better buying support from domestic industrial users. The white metal recorded a high of Rs 19,260 on December 13 and a low of Rs 18,625 per kg on December 15 later closed at Rs 18,625 with a heavy loss of Rs 415 per kg from its last weekend's close, traders said.

In the global market, silver closed at USD 14.38/14.40 per troy ounce during the weekend on December 14 as compared to the previous weekend's close of USD 14.42/14.45 per troy ounce.

Standard mint gold (99.5 fineness) opened slightly up on Monday at Rs 10,200 per ten gm followed by pure gold (99.9 fineness) at Rs 10,250 per ten gm because of reduced stock supply.

The yellow metal registered a high of Rs 10,335 for standard gold and Rs 10,385 for pure gold on December 13.

Standard gold recorded a low of Rs 10,140 and pure gold registered a low of Rs 10,190 per ten gm on December 15.

Finally, standard gold and pure gold closed at Rs 10,140 and Rs 10,190 respectively, with a loss of Rs 30 each from their last week's close.

Meanwhile, in London, gold was USD 790.50/792.50 per troy ounce during the weekend on December 14 as compared to the previous week's close of USD 799.50/800.50, traders added.

UNI