Gold closes higher on festival demand, silver eases on weak advice

Mumbai, Aug 7 (UNI) A mixed trend was seen in bullion closing prices as gold today gained on fresh demand in view of the forthcoming festival season, but silver eased on bearish advice from global markets, according to traders at the Bombay Bullion Association.

Following were the closing rates of spot silver and gold: Silver (per kg) .999 fineness grade: Rs 19,140 (19,175).

Gold (per 10 gm): Gold 99.5 purity standard mint : Rs 9,800 (9,770), Gold 99.9 purity pure gold : Rs 9,850 (9,820).

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