Silver and Gold recover on increase of fresh demand

Mumbai, Dec 23 (UNI) Spot Silver and Gold recovered on increase of fresh demand as Silver edged by Rs 60 per kg and Gold by Rs 25 per ten gm on the Bombay Bullion Exchange today.

Silver fineness opened flat at Rs 19,100 per kg on moderate demand. Later, it improved and closed at Rs 19,160 per kg with a gain of Rs 60 per kg from yesterday's close.

In London, the white metal was quoted high at USD 12.50/12.55 per troy ounce against USD 12.46/12.50 per troy ounce in New York.

Similarly, standard Gold (99.5) and pure Gold (99.9) opened high at Rs 9,005 and Rs 9,055 per ten gm respectively on good demand, The yellow metal closed slightly higher at Rs 9,010 and Rs 9060 per ten grams respectvely with a gain of Rs 25 each from its last close.

In London, the yellow metal remained steady at USD 618.00/620.50 per troy ounce as compared to USD 618.10/620.00 per troy ounce at New York on Friday.

Following are the spot Silver and Gold closing prices: Silver (per kg) .999 grade : Rs 19,160 (19,100) Gold (per 10 gm): Standard mint 99.5 purity : Rs 9,010 (8,985) Pure Gold 99.9 purity : Rs 9,060 (9,035) UNI NV/VD PM SKB1519