Gold up, Silver down

Mumbai, Apr 12 (UNI) Values of spot silver fell on thin buying support while gold went up slightly on bullish global advice, traders at the bullion market said today.

Silver .999 fineness variety opened low at Rs 19,030 and closed at Rs 19,075 per kg. with a loss of Rs 260 from its yesterday's close.

There was poor demand from ornament makers, along with discouraging advice from other global markets.

In London, the white metal was quoted low at US dollar 12.72/12.70 per troy ounce, against USD 12.70/13.00 per troy ounce on Tuesday in New York.

Standard mint gold (99.5 purity) and pure gold (99.9 purity) also opened weak at Rs 8,735 and Rs 8,775 per 10 gm, respectively.

Later, standard gold remained steady and closed at 8,770 per ten gm. while pure gold closed slightly high at Rs 8,825 with a gain of Rs 15 from its last close.

There was better buying support by jewellery makers despite lower advice from the overseas market.

Gold was quoted low at USD 596.55/597.00 per troy ounce in London from the previous close of USD 598.00/603.00 per troy ounce in New York on the previous day.

Following were the spot silver and gold closing prices today: Silver (per kg) .999 grade : Rs 19,075 (Rs 19,335), Gold (per 10 gm): Standard mint 99.5 purity : Rs 8,770 (Rs 8,770), Pure gold 99.9 purity : Rs 8,825 (Rs 8,810).

UNI VD/AR PP AW1844