Gold and Silver rise sparingly

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Mumbai, Dec 19: Precious metals rose today with silver improving slightly by Rs 60 per kg and gold by Rs 10 per ten gm, against their last close in the opening session today because of sustained buying support, traders at the Bombay Bullion Association (BBA) said.

Meanwhile, reports from Tokyo said gold advanced on Tuesday as energy prices edged up, but investors were unwilling to take large buy positions ahead of the year-end holidays. The dollar's strength also weighed on the topside. Spot gold was trading at USD 796.40/797.20 an ounce as of 0054 GMT, up from USD 792.70/793.50 in New York on Friday.

Silver fell to USD 13.93/13.98 an ounce from USD 13.80/13.85 late in New York.

Following were the opening rates of spot silver and gold in the Bombay Bullion Market today: Silver (per kg) .999 fineness grade: Rs 18,750 Gold (per 10 gm): Gold 99.5 purity standard mint Rs 10,270 Gold 99.9 purity pure Gold Rs 10,320

UNI

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