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Silver shoots further new high, gold up on bullish global advice

Written by: Staff

Mumbai, Mar 25 (UNI) Values of silver shot up further to a new high today at Rs 15,210 per kg, while gold closed three week high at Rs 8,150 per ten gm on marriage seasonal demand along with firm global advice, traders at the bullion market here said.

Silver fineness variety opened high at Rs 15,070 per kg and crossed Rs 15,200-mark in mid-session and closed at Rs 15,210 per kg, with a huge gain of Rs 190 from its yesterday's close.

There was lesser stock supply and encouraging advice from other centres. There was increase of fresh demand on better buying support, traders added.

In London, the white metal was quoted high at US dollar 10.70/10.75 per troy ounce, from the previous close of USD 10.68/10.69 per troy ounce on Friday at New York.

Standard mint gold (99.5 purity) and pure gold (99.9 purity) opened high at Rs 8,100 and Rs 8,145 per ten gm, respectively.

The yellow metals closed three week high at Rs 8,105 and Rs 8,150 per ten gm.

Both the prices jumped up by Rs 115 for standard mint gold and for pure gold by Rs 120 from their last close.

There was brisk demand from ornament-makers, along with firm advice from overseas markets.

Gold was quoted high at USD 559.80/560.00 per troy ounce at London from the previous close of USD 549.80/550.00 per troy ounce at New York.

Following were the spot silver and gold closing prices today: Silver (per kg) .999 grade : Rs 15,210 (Rs 15,020), Gold (per 10 gm): Standard mint 99.5 purity : Rs 8,105 (Rs 7,990), Pure Gold 99.9 purity : Rs 8,150 (Rs 8,030).


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