Gold, silver rates rise on bullish global advice
Mumbai, Apr 26: Values of spot gold and silver today went up, with the yellow metal rising by Rs 60 per 10 gm and white metal by Rs 100 per kg on bullish global advice, traders at the bullion market here said.
Standard gold (99.5 purity) and pure gold (99.9 purity) opened at higher rates this morning at Rs 9,285 and Rs 9,330 per 10 gm, respectively.
Both the yellow metals closed at Rs 9,270 and Rs 9,325 per 10 gm, respectively, with a gain of Rs 55 for standard gold and Rs 60 for pure gold from their yesterday's close.
There was better buying support by ornament-makers due to the ongoing marriage season.
Gold in London was also quoted high at USD 630/632 per troy ounce from the previous close of USD 620/26 per troy ounce in New York on Tuesday.
Silver .999 fineness variety also opened upward at Rs 20,305 per kg and closed at Rs 20,145 per kg with a gain of Rs 100 from its last close.
There was fresh demand from jewellery makers on reduced stock supply from other centres.
In London, the white metal was quoted high at US dollar 12.70/12.75 per troy ounce against USD 12.25/12.50 per troy ounce on Tuesday in New York.
Following were the spot silver and gold closing prices today: Silver (per kg) .999 grade : Rs 20,145 (Rs 20,045), Gold (per 10 gm): Standard mint 99.5 purity : Rs 9,270 (Rs 9,215), Pure gold 99.9 purity : Rs 9,325 (Rs 9,265).