Silver, gold touches highest peak

Mumbai, Apr 15 (UNI) Prices of spot silver and gold touched highest peak at Rs 19,890 per kg and Rs 8,905 per ten gm respectively on increase of fresh demand, traders at the bullion market said today.

Silver .999 fineness variety opened high at Rs 19,545 and closed again at all time high at Rs 19,890 per kg. with a massive gain of Rs 570 from its yesterday's close.

There was fresh buying supprt from ornament makers as selllers were hoarding their stocks due to reduced stocks supply from other centres.

Standard mint gold (99.5 purity) and pure gold (99.9 purity) also opened high at Rs 8,855 and Rs 8,900 per 10 gm, respectively.

Later, standard and pure gold also closed high at Rs 8,855 and Rs 8905 per ten gm. Both the yellow metal gained by Rs 25 and Rs 30 respectively from its last close.

There was better buying support by jewellery makers as there was lesser stock supply in view of forthcoming marriage season.

Following were the spot silver and gold closing prices today: Silver (per kg) .999 grade : Rs 19,890 (Rs 19,320), Gold (per 10 gm): Standard mint 99.5 purity : Rs 8,855 (Rs 8,830), Pure gold 99.9 purity : Rs 8,905 (Rs 8,875.

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