Silver, gold ease on lack of fresh demand

Mumbai, Nov 11 (UNI) Spot silver and gold eased by Rs 51 and Rs 52 respectively on lack of fresh demand, traders at the Bombay Bullion Exchange said today.

Spot silver .999 fineness variety opened low at Rs 19,395 per kg on poor demand. Later, it fell further and closed at Rs 19,355 per kg, with a loss of Rs 51 from yesterday's close.

In London, the white metal was quoted low at USD 13.00/13.05 per troy ounce against USD 12.98/13.03 per troy ounce in New York.

Similarly, standard gold (99.5) and pure gold (99.9) opened weak at Rs 9,135 and Rs 9,180 per ten gram respectively. However, the yellow metal improved and closed at Rs 9,140 and Rs 9,190 per ten gm respectively, with a loss of Rs 51 for standard gold and Rs 52 for pure gold from its last close.

In London, the yellow metal fell at USD 625/628 per troy ounce as compared to USD 630/632 per troy ounce at New York on Friday.

Following are the spot silver and gold closing prices: Silver (per kg) .999 grade : Rs 19,355 (19,406) Gold (per 10 gm): Standard mint 99.5 purity : Rs 9,140 (9,191) Pure gold 99.9 purity : Rs 9,190 (9,242).

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