Silver, gold up: Bombay Bullion Association

Mumbai, Jun 17: Both the precious metals moved up today with silver shot up by Rs 500 per kg and gold by Rs 90 per ten gm on better buying support from ornament makers from its last close despite weak global advice, at the opening session, traders at the Bombay Bullion Association said here.

Silver (999 finesses grade) opened at Rs 24,435 per kg, while standard gold quoted high at Rs 12,290 per ten gm and pure gold at Rs 12,345 per ten gm. In international market negative trend was witnessed as gold slipped to USD 881.65/882.65 an ounce from USD 883.60/884.80 an ounce late in New York yesterday.

Silver edged down to USD 17.10/17.16 an ounce from USD 17.16/17.22 late in New York yesterday, when it jumped to a one-week high of USD 17.40 ounce due to a weaker dollar, Singapore market report said.

Following were the opening spot rates: Silver (per kg) 999 fineness grade: Rs 24,435 Gold (per 10 gm): 99.5 purity standard mint: Rs 12,290 99.9 purity pure gold: Rs 12,345.

UNI