Precious metals rise on heavy demand by retailers

Mumbai, Jan 1 (UNI) Precious metals rose slightly due to fresh buying support with Silver up by Rs five per kg and Gold by Rs ten per ten gm on the first day of trading in 2007 on the Bombay Bullion Exchange today.

Silver fineness opened higher at Rs 19,510 per kg on higher advices. Later, it closed at Rs 19,540 per kg, with a gain of Rs five per kg.

Similarly, standard Gold (99.5) and pure Gold (99.9) opened higher at Rs 9,170 and Rs 9,215 per ten gm respectively on good demand.

The yellow metal closed at Rs 9,175 and Rs 9,225 per ten grams respectvely from its last close.

Following are the spot Silver and Gold closing prices: Silver (per kg) .999 grade : Rs 19,540 (19,535) Gold (per 10 gm): Standard mint 99.5 purity : Rs 9,175 (9,170) Pure Gold 99.9 purity : Rs 9,225 (9,215) UNI