Silver crosses Rs 20,000-mark

Mumbai, Nov 29 (UNI) Silver today crossed the Rs 20,000-mark and closed at Rs 20,075 per kg with a massive gain of Rs 235, even as Gold rose marginally by Rs five on fresh demand and bullish global advices on the Bombay bullion exchange.

Silver fineness opened high at Rs 19,970 per kg on good demand.

Later, it shot up to a six-and-a-half month high to the Rs 20,000-mark and closed at Rs 20,075 per kg with a massive gain of Rs 235 from yesterday's close.

In London, the white metal was also quoted six-month high at USD 13.60/13.66 per troy ounce against USD 13.40/13.46 per troy ounce in New York.

Similarly, standard Gold (99.5) and pure Gold (99.9) also opened high at Rs 9,270 and Rs 9,315 per ten gms respectively.

The yellow metal remained steady on moderate demand and closed at its opening level with a gain of Rs five each from their last close.

In London, the yellow metal eased slightly at USD 630/636 per troy ounce as compared to USD 634/638 per troy ounce at New York on Tuesday.

Following are the spot Silver and Gold closing prices: Silver (per kg) .999 grade : Rs 20,075 (19,840) Gold (per 10 gm): Standard mint 99.5 purity : Rs 9,270 (9,265) Pure Gold 99.9 purity : Rs 9,315 (9,310) UNI VD SSS-OBB AW1844