Silver, gold declines on weak global advices

Mumbai, Dec 9 (UNI) Both the precious metals today declined on weak global advice on the Bombay Bullion Exchange, as Silver fell by Rs 110 per kg and Gold by Rs 55 per gm due on weak global advices.

Silver fineness opened low at Rs 20,290 per kg on poor demand Later, it closed at Rs 20,295 with a huge loss of Rs 110 from yesterday's close.

There was thin buying support by stockists in view of weak advice from the overseas market.

In London, the white metal was quoted high at USD 13.70/13.73 per troy ounce against USD 13.80/13.86 per troy ounce in New York.

Similarly, standard Gold (99.5) and pure Gold (99.9) also opened downwards at Rs 9,105 and Rs 9,155 per ten gms respectively on lack of fresh demand.

Later, the Yellow metal closed at Rs 9,110 and at Rs 9,160 per ten gm with a loss of Rs 60 for standard gold and Rs 55 for pure gold from its last close.

In London, the yellow metal also fell at USD 620.80/625.00 per troy ounce as compared to USD 628.85/631.50 per troy ounce at New York on Friday.

Following are the spot Silver and Gold closing prices: Silver (per kg) .999 grade : Rs 20,295 (20,405) Gold (per 10 gm): Standard mint 99.5 purity : Rs 9,110 (9,170) Pure Gold 99.9 purity : Rs 9,160 (9,215) UNI VD SD SKB1528