Silver, gold close at four months high

Subscribe to Oneindia News

Mumbai, May 21 (UNI) Prices of spot silver and gold today closed at a four months high of Rs 24,710 per kg, with a massive gain of Rs 735 and pure gold at Rs 12,860 per ten gm, with a big gain of Rs 300 per ten gm, on lack of offloading by local stockists, in view of bullish advice from global markets, traders at the Bombay Bullion Association said.

In the yellow metal segment, standard gold (99.5 purity) and pure gold (99.9 purity) quoted above Rs 12,700 per ten gm each and resumed firm at Rs 12,720 and Rs 12,780 per ten gm respectively, due to fresh jewellery makers demand.

Later, both the prices again crossed Rs 12,800 and closed at a four months high of Rs 12,800 per ten gm and pure gold at Rs 12,860 per ten gm. The prices shot up smartly by Rs 300 for both the varieties, from their last close.

Similarly, Silver .999 fineness variety was quoted above Rs 24,000 mark and opened high at Rs 24,675, on improved demand from industrial users.

Later, it closed at a four months high of Rs 24,710 per kg with a massive gain of Rs 735 per kg from its previous finish on reduced offers by stockists. There was good buying support from local industrial users.

In London and Asian countries, the yellow metal quoted high at USD 920.40 to USD 923.80 per troy ounce as compared to USD 907.90/908.20 on the previous day, while the white metal touched USD 17.72/17.77 against 17.05/17.15 per troy ounce on earlier day, which helped to boost the domestic prices, traders said.

Following are the spot silver and gold closing prices: Silver (per kg) .999 grade: Rs 24,710(23,975) Gold (per 10 gm): Standard mint 99.5 purity: Rs 12,800 (12,500) Pure gold 99.9 purity: Rs 12,860 (12,560) UNI AR SR SKB1822

Please Wait while comments are loading...