Silver ends up, gold down

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Mumbai, June 2 (UNI) Gold continued to decline with the yellow metal sliding by a marginal Rs 15 to end at Rs 12,190 per ten gms even as Silver gained by Rs 55 to close at Rs 23,745 per kg on strong global advice, traders at the Bombay Bullion Association said here today.

Silver .999 fineness variety resumed low at Rs 23,585 per kg, on thin industrial users demand. Later, it recovered towards the end of the sessin and quoted positive at Rs 23,745 per kg, with a gain of Rs 55, from its last close.

Traders said there was there was good industrial users demand along with firm advice from London and Asian markets.

The white metal touched a firm at USD 16.65/16.77 per troy ounce, compared to 16.48/16.65 per troy ounce from its last finish, which reflected the boost in trends in domestic prices, traders added.

Standard mint and pure gold also opened lower, at Rs 12,100 per ten gm and Rs 12,155 per ten gm respectively. Later, standard mint gold and pure gold ended downward trend at Rs 12,190 and Rs 12,245 per ten gm respectively.

Both the prices eased by Rs 15 each from their last close.

Traders said ''There were sluggish demands from jewellery makers. Sellers were keen to sell their stocks in view of discouraging advice from global markets.'' In London and Asian markets, gold was quoted low in a range of USD 883.10/887.40 per troy ounce, against 889.10/895.50, the previous day which led to downward trend at the local prices, traders added.

Following are the spot silver and gold closing prices: Silver (per kg) .999 grade: Rs 23,745 (23,690) Gold (per 10 gm): Standard mint 99.5 purity: Rs 12,190 (12,205) Pure gold 99.9 purity: Rs 12,245 (12,260) UNI AR OBB AG1815

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