Gold, silver rally on firm global advice

Mumbai, June 5 (UNI) Values of gold and silver rallied again on improved demand along with firm advice from global markets, traders at the bullion market today said.

Standard gold (99.5 purity) and pure gold (99.9 purity) opened high this morning at Rs 9,565 and Rs 9,615 per 10 gm respectively.

Both the yellow metals closed again upward at Rs 9,580 for standard mint gold and for pure gold at Rs 9,625 per 10 gm.

Both the prices rose by Rs 70 for standard mint and pure gold by Rs 65 per ten gm from their previous day's close.

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

Silver .999 fineness variety also opened high at Rs 18,825 per kg on good advice. Later, it closed at Rs 18,665 per kg with a gain of Rs 95 from its previous close. There was brisk demand from stockists along with firm advice from overseas markets.

In London, gold was quoted high at USD 644.00/644.60 per troy ounce against USD 637.50/638.00 per troy ounce from its last close, while silver was quoted high at US dollar 12.30/12.36 per troy ounce against USD 12.00/12.20 from its last close.

Following were the spot silver and gold closing prices today: Silver (per kg) .999 grade : Rs 18,665 (Rs 18,570), Gold (per 10 gm): Standard mint 99.5 purity : Rs 9,580 (Rs 9,510), Pure gold 99.9 purity : Rs 9,625 (Rs 9,560).

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