Gold touches all time high; Silver records impressive gains

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Mumbai, July 15 (UNI) Both the precious metals glittered today with Gold registering an all time high of Rs 13,680 per 10 gm, with an impressive gain of Rs 370, while silver zoomed up by Rs 655 per kg to close at 26,250 on the Bullion market on persistent stock buying, triggered by strong global advice, traders at the Bombay Bullion Association (BBA) said.

BBA president Suresh Hundia said that the strengthening of the dollar, surging oil prices and the international prices of precious metals also impacted the domestic market.

The white metal resumed high today to open at Rs 26,040 per kg, on brisk buying support by ornament makers along with encouraging advice and closed at Rs 26,250, advancing by a whopping Rs 655 per kg from its previous close.

Standard mint and pure gold opened high at Rs 13,550 and Rs 13,600 per ten gm respectively, on sustained demand from stockists to finally close higher at Rs 13,680 and Rs 13,740 on good demand by jewellery makers.

Standard gold and pure gold rallied by Rs 370 and Rs 365 per ten gm respectively on heavy hectic buying by stockists, due to the rising trend in the international market, from their last close.

In London and Asian markets, a bullish trend was seen as gold was recorded at USD 971.00/972.00 per troy ounce, against 956.00/957.50, the previous day, while the white metal was quoted at USD 19.20/19.21 per troy ounce, compared to 18.64/18.65 per troy ounce from its last close, traders said.

Following are the spot silver and gold closing prices: Silver (per kg) .999 grade: Rs 26,250 (25,595) Gold (per 10 gm): Standard mint 99.5 purity: Rs 13,680 (13,310) Pure gold 99.9 purity: Rs 13,740 (13,375) UNI NV GS OBB AG1848

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