Precious metals ease on bearish global advices

Mumbai, Dec 19 (UNI) The Precious metals further eased on bearish global advices with Silver declining today by Rs 315 per kg and Gold by Rs 15 per ten gm on the Bombay Bullion Exchange.

Silver fineness opened low at Rs 19,105 per kg on poor demand.

Later, it improved and closed at Rs 19,175 per kg with a huge loss of Rs 315 from yesterday's close.

There was lack of fresh demand in view of weak advice from the overseas market.

In London, the white metal was quoted low at USD 12.50/12.55 per troy ounce against USD 12.90/12.93 per troy ounce in New York.

Similarly, standard Gold (99.5) and pure Gold (99.9) also opened weak at Rs 8,985 and Rs 9,030 per ten gm respectively on thin buying support.

Standard gold closed at its opening level of Rs 8,985 per ten grams on moderate demand with a loss of Rs 10 from its previous close. Pure gold improved slightly and closed at Rs 9,035 per ten gm with a loss of Rs 15 from its last close.

In London, the yellow metal fell at USD 617.10/617.50 per troy ounce as compared to USD 617.50/618.00 per troy ounce at New York on Monday.

Following are the spot Silver and Gold closing prices: Silver (per kg) .999 grade : Rs 19,175 (19,490) Gold (per 10 gm): Standard mint 99.5 purity : Rs 8,985 (8,995) Pure Gold 99.9 purity : Rs 9,035 (9,050) UNI NV VD OBB AG1826