Precious metals up during the week

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Mumbai, Jun 21 (UNI) Both the precious metals moved up during the week, with silver increasing by Rs 755 per kg and standard gold by Rs 420 per ten gm, traders at the Bombay Bullion Association (BBA) said.

Fluctuation was seen in the white metal throughout the week.

Monday and Tuesday silver rose, while on Wednesday it declined. On Thursday and Friday it recovered and today it fell slightly.

On Monday, silver rose by Rs 155 from its previous close and ended at Rs 23,935, on brisk buying support by ornament makers. On Tuesday it shot up by Rs 425 to close at Rs 24,360, on fresh buying support by stockists. On Wednesday it fell by Rs 130. On Thursday and Friday the white metal edged up, due to heavy demand from industrial ursers. On Friday silver closed at Rs 24,580, advanced by Rs 190 per ten gm, the highest during the week. Today, the last day of the session it slightly fell by Rs 45 and closed at Rs 24,535 per kg, up by Rs 755 than the last weekend's close.

Silver closed highest at Rs 24,580 on June 20, while it recorded the lowest at Rs 23,935 on June 16, during the week. In the global markets, silver was quoted higher at USD 17.60/17.61 per troy ounce during the week ended June 20, as compared to the previous weekend's close of USD 16.38/16.39 per troy ounce.

In Gold, upward march was maintained from Monday to Friday.

However, today it declined slightly in the domestic market. On Monday Gold was up by Rs 100 per ten gm at Rs 12,200, from its previous close. First three days the gold gained by Rs 185. On Wednesday the yellow metal closed at Rs 12,285. On Thursday and Friday it inched up, due to higher global advice and increase in oil prices. In two days, Thursday and Friday it soared by Rs 265. Means, in five days the gold was up by Rs 450.

Today, the last day of the session standard gold and pure gold mint slightly fell by Rs 30 each and finished at Rs 12,520 and Rs 12,580 respectively. Gold recorded its highest at Rs 12,550 on June 20, while its lowest Rs 12,200 on June 16, during the week.

Today, standard gold closed at Rs 12,520, flared up by Rs 420 than the last week's close, whereas pure gold closed at Rs 12,580, up by Rs 425 than the last week's close.

In London, gold was recorded at USD 905.00/906.25 per troy ounce during the week ended June 20, as compared to the previous week's close of USD 864.00/865.60.


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