Silver, gold dip on weaker upcountry advice

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Mumbai, Jan 1 (UNI) Value of gold and silver closed softer with yellow metal declining by Rs 45 per ten gm and white metal by Rs 80 per kg.

The prices dipped due to weaker advice from global and upcountry markets coupled with lack of fresh buying support from local dealers, traders at the Bombay Bullion Association (BBA) said today, the first day of trading in 2008.

Following were the closing rates of spot silver and gold: Silver (per kg) 999 fineness grade : Rs 19,480 (19,560) Gold (per 10 gm) Gold 99.5 purity standard mint : Rs 10,650 (10,695) Gold 99.9 purity pure gold : Rs 10,705 (10,745).


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