Precious metals move up: BBA

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Mumbai, Apr 8: Both the precious maintained their upward climb, with Gold today moving up by Rs 75 per ten gm and Silver by Rs 65 per kg on sustained stockist buying along with strong global cues, traders at the Bombay Bullion Association said.

In the last five days, Silver has shot up by Rs 1,085 per kg and Gold by Rs 375 per ten gm. Silver opened lower at Rs 23,795 on lack of fresh demand. Later, it rose smartly and finished at Rs 23,875, gaining by Rs 65 per kg on speculative demand. Standard gold (99.5 purity) opened upward at Rs 11,915 per ten gm and pure gold (99.9 variety) at Rs 11,975 per ten gm.

Later, standard gold and pure gold improved and closed at Rs 11,935 and Rs 11,995 per ten gm respectively. Standard gold inched up by Rs 75 and pure gold by Rs 65 per ten gm.

In London and Asian markets, Gold was recorded at USD 917.50/918.15 and Silver at USD 17.85/17.86 from its last close.

Following are the spot silver and gold closing prices: Silver (per kg) .999 grade: Rs 23,875 (23,810) Gold (per 10 gm): Standard mint 99.5 purity: Rs 11,935 (11,860) Pure gold 99.9 purity: Rs 11,995 (11,930)


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