Silver and gold recover on bullish global advices

Mumbai, Dec 8 (UNI) Both the precious metals today registered a recovery trend on the Bombay Bullion Exchange, with Silver going up by Rs 190 per kg and Gold by Rs fifteen per gm due to bullish global advices.

Silver fineness opened high at Rs 20,325 per kg on good demand Later, it improved and closed at Rs 20,405 with a gain of Rs 190 from yesterday's close.

There was lesser stock supply by stockists in view of better advice from the overseas market.

In London, the white metal was quoted high at USD 13.80/13.86 per troy ounce against USD 13.60/13.65 per troy ounce in New York.

Similarly, standard Gold (99.5) and pure Gold (99.9) also opened upwards at Rs 9,185 and Rs 9,235 per ten gms respectively on better buying support.

Later, the Yellow metal eased slightly and closed at Rs 9,170 and at Rs 9,215 per ten gm with a gain of Rs 15 for standard gold and Rs ten for pure gold from its last close.

In London, the yellow metal also rose at USD 630.80/631.50 per troy ounce as compared to USD 629.85/630.50 per troy ounce at New York on Thursday.

Following are the spot Silver and Gold closing prices: Silver (per kg) .999 grade : Rs 20,405 (20,215) Gold (per 10 gm): Standard mint 99.5 purity : Rs 9,170 (9,155) Pure Gold 99.9 purity : Rs 9,215 (9,205) UNI VD OBB SKB1816