Gold, Silver ends firm on strong global advice

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Mumbai, Apr 28 (UNI) Both the precious metals today zoomed up with Silver rising by Rs 300 per kg and Gold by Rs 65 per ten gm on fresh speculative demand from jewellery makers along with bullish advice from global markets, traders at the Bombay Bullion Association said.

Silver .999 fineness variety opened high at Rs 23,105 per kg on good demand from retailers. Later, it rallied again and closed firm at Rs 23,000 per kg with a gain of Rs 300 per kg from its last close.

In the yellow metal segment, standard gold (99.5 purity) opened high at Rs 11,625 and pure gold (99.9 purity) opened steady at Rs 11,685 per ten gm. Later, both standard and pure gold finished higher at Rs 11,615 and 11,675 per ten gm respectively from their previous close.

Traders said there was lack of offers by stockists in view of forthcoming marriage season.

The yellow metal was quoted high at USD 890.25 /892.85 per troy ounce at London and Asian markets from its last close. Silver touched a high at 16.90/16.92 per troy ounce from its last finish, helping to boost the domestic prices, traders pointed out.

Following are the spot silver and gold closing prices: Silver (per kg) .999 grade: Rs 23,000 (22,845) Gold (per 10 gm): Standard mint 99.5 purity: Rs 11,615 (11,550) Pure gold 99.9 purity: Rs 11,675 (11,610).

UNI AR OBB AG1844

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