A mixed trend in bullion prices

Mumbai, Mar 10: Mixed trend was witnessed in bullion prices as silver gained modestly on firm global advice while gold eased on thin demand from jewellery makers, traders said today.

Silver, opened high at Rs 14,195 per kg and closed at Rs 14,165 with a gain of Rs five from its yesterday's close.

There was scant demand from local industrial users and also encouraging advice from the overseas markets, besides reduced stock supply from neighbouring centres.

In London, the white metal was quoted firm at US dollar 9.80/9.88 per troy ounce from the previous close of USD 9.72/9.80 per troy ounce on last close.

Standard mint gold (99.5 purity) and pure gold (99.9 purity) also quoted opened high at Rs 7,930 and Rs 7,975 per ten gm respectively.

But both the prices closed slightly low at Rs 7,920 for standard mint gold and for pure gold Rs 7,960 per ten gm.

Both the yellow metals eased Rs 25 each from their previous close.

There was lack of fresh demand from ornament-makers and due to higher stocks arrivals from overseas market.

The yellow metal was quoted down at USD 545.60/546.00 per troy ounce from the previous close of USD 546.50/546.80 per troy ounce.

Following were the spot silver and gold closing prices today: Silver (per kg) .999 grade : Rs 14,165 (Rs 14,160), Gold (per 10 gm): Standard mint 99.5 purity : Rs 7,920 (Rs 7,945), Pure Gold 99.9 purity : Rs 7,960 (Rs 7,985).

UNI