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Silver touches new peak on bullish global advice, gold flat

Written by: Staff

Mumbai, Apr 7 (UNI) Silver rates today touched a new peak of Rs 18,095 per kg on bullish global advice while gold remained steady at Rs 8,715 per ten gm, traders at the bullion market here said.

Silver .999 fineness variety opened high at Rs 17,980 per kg.

Later, it crossed the Rs 18,000-mark in mid-session and finally closed at Rs 18,095 per kg, with a massive gain of Rs 225 from its yesterday's close.

There was a sharp increase in heavy demand from ornament makers, along with encouraging advice from other global markets.

In London, the white metal was quoted high at US dollar 12.13/12.16 per troy ounce, from the previous close of USD 11.90/12.00 per troy ounce yesterday in New York.

Standard mint gold (99.5 purity) and pure gold (99.9 purity) opened high at Rs 8,675 and Rs 8,715 per ten gm, respectively.

Later, standard gold closed almost steady at Rs 8,665 per ten gm.

Pure gold closed at Rs 8,715 per ten gm with a gain of Rs five from its last close.

There was thin buying support by jewellery maker.Sellers were keen to offer in view of higher stocks.

Gold was quoted high at USD 594.00/596.00 per troy ounce in London from the previous close of usd 594.00/595.00 per troy ounce in New York, which did not have an impact on domestic prices, traders added.

Following were the spot silver and gold closing prices today: Silver (per kg) .999 grade : Rs 18,095 (Rs 17,870, Gold (per 10 gm): Standard mint 99.5 purity : Rs 8,665 (Rs 8,665), Pure gold 99.9 purity : Rs 8,715 (Rs 8,710).


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