Silver improves, gold declines

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Mumbai, Aug 30 (UNI) A mixed trend was seen in the precious metals today with silver rising by Rs 15 per kg to close at Rs 21,310 on improved demand and gold declining by Rs 10 per ten gm to finish at Rs 11,940, on sluggish demand from industrial users, traders at the Bombay Bullion Association said.

Silver opened low at Rs 21,270 on lack of fresh demand by local dealers. Later, Silver ended at Rs 21,310, with a hike of Rs 15 from its yesterday's close, on better buying support by industrial users.

Standard gold and pure gold opened low at Rs 11,935 and Rs 12,000 respectively, on lack of persistent offloading by stock holders. Later, standard and pure gold closed at Rs 11,940 and Rs 12,000 respectively, with a loss of Rs 10 per ten gm each, on discouraging advices from local dealers.

Following are the spot silver and gold closing prices: Silver (per kg) .999 grade: Rs 21,310 (21,295) Gold (per 10 gm): Standard mint 99.5 purity: Rs 11,940 (11,950) Pure gold 99.9 purity: Rs 12,000 (12,010).


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