Silver, gold plunge on bearish global advices

Mumbai, Nov 17 (UNI) Spot Silver plunged by Rs 150 per kg and Gold declined by Rs 120 per ten gm on the Bombay Bullion market today on thin buying support and bullish global advices.

Spot Silver .999 fineness variety opened low at Rs 19,300 per kg on poor demand. Later, it eased and closed at Rs 19,230 per kg, with a loss of Rs 150 from yesterday's close.

In London, the white metal was quoted low at USD 12.75/12.80 per troy ounce against USD 12.80/12.85 per troy ounce in New York.

Similarly, standard Gold (99.5) and pure Gold (99.9) opened weak at Rs 9,060 and Rs 9,110 per ten gram, respectively.

However, the yellow metal declined and closed at Rs 9,035 and Rs 9,080 per ten gm, respectively, with a loss of Rs 115 for standard gold and Rs 120 for pure gold from its previous close.

Gold slipped in jittery trade as the U S dollar held on to gains.

In London, the yellow metal came down at USD 615.70/618.00 per troy ounce as compared to USD 622/625 per troy ounce at New York.

Following are the spot silver and gold closing prices: Silver (per kg) .999 grade : Rs 19,230 (19,380) Gold (per 10 gm): Standard mint 99.5 purity : Rs 9,035 (9,150) Pure Gold 99.9 purity : Rs 9,080 (9,200).

UNI VD PM/OBB AG1809