Precious metal prices rise on bullish advice

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Mumbai, Mar 27: Both precious metals rose further today with silver gaining by Rs 405 per kg and gold by Rs 90 per ten gm on brisk buying and strong global cues in the opening session of the Bombay bullion market here.

Gold hit a high of USD 954.50 an ounce, up from USD 949.00/949.80 late in New York yesterday, while silver rose to USD 18.39/18.44 an ounce from USD 18.35/18.40 an ounce following weak dollar and surging oil price, Singapore market report said. Following were the opening rates of spot silver and gold in the Bombay bullion market today: Silver (per kg) 999 fineness grade : Rs 23,980 Gold (per 10 gm) Gold 99.5 purity standard mint : Rs 12,375 Gold 99.9 purity pure gold : Rs 12,435


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