Silver crosses 20,000-mark, gold rises on bullish global advice

Mumbai, Feb 2: Silver today crossed the Rs 20,000-mark and Gold rose to a six-month high on bullish global advices as the white metal edged up by Rs 295 per kg and Gold by Rs 125 per ten gm on the Bombay Bullion Exchange.

Silver fineness resumed this morning crossing the Rs 20,000-mark at Rs 20,175 per kg on fresh demand. Later, it closed at Rs 20,165 with a massive gain of Rs 295.

In London, the white metal was quoted high at 13.60/13.62 per troy ounce against US 13.53/13.58 per troy ounce in New York.

Similary, standard Gold (99.5) and pure Gold (99.9) opened to a six-month high at Rs 9,405 and Rs 9,455 per ten gm respectively on increase of fresh demand.

The yellow metal closed at Rs 9,400 and Rs 9,450 per ten gm respectively with a huge gain of Rs 125 each from its last close.

In London, the yellow metal edged up to USD 650.80/655.00 per troy ounce as compared to USD 653.40/654.40 per troy ounce in New York on Thursday.

Following are the spot silver and gold closing prices: Silver (per kg) .999 grade : Rs 20,165 (19,870), Gold (per 10 gm): Standard mint 99.5 purity : Rs 9,400 (9,275), Pure gold 99.9 purity : Rs 9,450 (9,325).

UNI