Precious metals recover on bullish global advices

Mumbai, Dec 20 (UNI) After the slump, both the Precious metals recovered on bullish global advices with Silver putting up a modest recovery, increasing by Rs 110 per kg and Gold was up by Rs 70 per ten gm on the Bombay Bullion Exchange today.

Silver fineness opened high at Rs 19,260 per kg on good demand Later, it improved and closed at Rs 19,285 per kg with a huge gain of Rs 110 from yesterday's close.

There was increase of fresh demand in view of better advice from the overseas market.

In London, the white metal was quoted high at USD 12.71/12.75 per troy ounce against USD 12.50/12.55 per troy ounce in New York.

Similarly, standard Gold (99.5) and pure Gold (99.9) also opened upwards at Rs 9,055 and Rs 9,105 per ten gm respectively on better buying support.

They closed at its opening level on moderate demand with a gain of Rs 70 each from its previous close.

In London, the yellow metal went up at USD 623.10/624.00 per troy ounce as compared to USD 617.10/617.50 per troy ounce at New York on Tuesday.

Following are the spot Silver and Gold closing prices: Silver (per kg) .999 grade : Rs 19,285 (19,175) Gold (per 10 gm): Standard mint 99.5 purity : Rs 8,055 (8,985) Pure Gold 99.9 purity : Rs 9,105 (9,035) UNI NV VD OBB VKG1810