Mixed trend was seen in the precious metal

Mumbai, Apr 27 (UNI) Mixed trend was seen in the precious metal, traders at the bullion market here today said.

Standard gold (99.5 purity) and pure gold (99.9 purity) opened at high rates this morning at Rs 9,365 and Rs 9,410 per 10 gm, respectively.

Both the yellow metals closed at Rs 9,295 and Rs 9,340 per 10 gm, respectively, with a gain of Rs 25 for standard gold and Rs 15 for pure gold from their yesterday's close.

There was good demand by ornament-makers due to the ongoing marriage season.

Gold in London was also quoted high at USD 632/637 per troy ounce from the previous close of USD 630/632 per troy ounce in New York on Wednesday.

Silver .999 fineness variety also opened upward at Rs 20,235 per kg on higher demand. Later it closed downward at Rs 19,875 per kg with a loss of Rs 270 from its last close.

There was lack of fresh demand from jewellery makers on sustained heavy selling pressure from other centres.

In London, the white metal was quoted low at US dollar 12.30/12.40 per troy ounce against USD 12.70/12.75 per troy ounce on Wednesday in New York.

Following were the spot silver and gold closing prices today: Silver (per kg) .999 grade : Rs 19,875 (Rs 20,145), Gold (per 10 gm): Standard mint 99.5 purity : Rs 9,295 (Rs 9,270), Pure gold 99.9 purity : Rs 9,340 (Rs 9,325).

UNI VD MJ SKB1849