Mixed trend seen in the precious metal

Mumbai, May 31 (UNI) A mixed trend was seen in the precious metal, as silver fell by Rs 95 to close at Rs 19,320 per kg on weak advice from overseas advice while gold rose by Rs 20 and closed at Rs 9,825 per ten gm on fresh demand at lower level from local dealers, traders at the bullion market today said.

Silver .999 fineness variety opened downward at Rs 19,410 per kg on poor demand. Later, it closed still weaker at Rs 19,320 per kg with a loss of Rs 95 from its yesterday's close. There was bearish advice from stockists along with overseas markets.

In London, silver was quoted low at US dollar 13.05/13.08 per troy ounce from its last close.

Standard gold (99.5 purity) and pure gold (99.9 purity) opened high this morning at Rs 9,795 and Rs 9,840 per 10 gm, respectively.

Both the yellow metals closed at Rs 9,775 and at Rs 9,825 per 10 gm, with a gain of Rs 20 each from its previous close.

There was better buying support from stockists along with encouraging advice from global markets.

In London, gold was quoted high at USD 653.50 per troy ounce against USD 653.00 per troy ounce on earlier levels, traders added.

Following were the spot silver and gold closing prices today: Silver (per kg) .999 grade : Rs 19,320 (Rs 19,415), Gold (per 10 gm): Standard mint 99.5 purity : Rs 9,775 (Rs 9,755), Pure gold 99.9 purity : Rs 9,825 (Rs 9,805).

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