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Silver closes new peak on bullish global advice, gold rises

Written by: Staff

Mumbai, Mar 28 (UNI) Values of silver closed at a new peak today again at Rs 15,710 per kg, and gold touched a high of Rs 8,240 per ten gm on heavy wedding season demand, alongwith firm global advice, traders at the bullion market here said.

Silver fineness variety first time crossed Rs 15,700-mark and opened at Rs 15,705 per kg and closed still higher at Rs 15,710 per kg, with a gain of Rs 35 from its yesterday's close.

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

In London, the white metal was quoted high at US dollar 10.80/10.84 per troy ounce, from the previous close of USD 10.85/10.90 per troy ounce on Monday at New York.

Standard mint gold (99.5 purity) and pure gold (99.9 purity) opened high at Rs 8,220 and Rs 8,260 per ten gm, respectively.

Both the yellow metal closed high at Rs 8,200 and Rs 8,240 per ten gm with a gain of Rs 20 and Rs 15, respectively, from their last close.

There was heavy mariage-season demand from ornament-makers, along with firm advice from overseas markets.

Gold was quoted high at USD 564.00/564.25 per troy ounce at London from the previous close of USD 562.80/563.00 per troy ounce at New York.

Following were the spot silver and gold closing prices today: Silver (per kg) .999 grade : Rs 15,710 (Rs 15,675), Gold (per 10 gm): Standard mint 99.5 purity : Rs 8,200 (Rs 8,180), Pure Gold 99.9 purity : Rs 8,240 (Rs 8,225).


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