Precious metals zoom higher

Mumbai, Jan 25 (UNI) Both the Precious metals advanced further on bullish global advices with Silver up by Rs 100 per kg and Gold by Rs 70 per ten gm due to reduced stock supply on the Bombay Bullion Exchange today.

Silver fineness opened lower at Rs 19,840 per kg on thin buying support. Later, it improved and closed at Rs 19,950 with a gain of Rs 100 from yesterday's close.

In London, the white metal was also quoted higher at 12.80/13.42 per troy ounce against US 12.76/12.80 dollars per troy ounce in New York.

Similarly, standard Gold (99.5) and pure Gold (99.9) also opened upwards at Rs 9,280 and Rs 9,330 per ten gm respectively on good demand.

The yellow metal closed at Rs 9,315 and Rs 9,365 per ten gm respectively with a gain of Rs 70 each from their previous close.

In London, the yellow metal rose to USD 648.80/651.00 per troy ounce as compared to USD 644.50/648.50 per troy ounce in New York on Wednesday.

Following are the spot Silver and Gold closing prices: Silver (per kg) .999 grade : Rs 19,950 (19,850) Gold (per 10 gm): Standard mint 99.5 purity : Rs 9,315 (9,245) Pure gold 99.9 purity : Rs 9,365 (9,295).

There will no trading tomorrow on account of Republic Day.

UNI