Gold, Silver ease on thin buying support

Mumbai, Feb 28 (UNI) Both the precious metals registered a downward trend with Silver easing by Rs 145 per kg and Gold by Rs 100 per ten gm on thin buying support today on the Bombay Bullion Exchange, Silver fineness opened downward at Rs 20,480 per kg on thin buying support. Later, it recovered and closed at Rs 20,550 per kg with a loss of Rs 145 from its yesterday's close.

In London, the white metal also fell to 14.25/14.27 per troy ounce against USD 14.57/14.60 per troy ounce in New York.

However, standard Gold (99.5) and pure Gold (99.9) opened downward at Rs 9,665 and Rs 9,715 per ten gm on poor demand.

The yellow metal declined and closed at Rs 9,715 and Rs 9,765 per ten gm with a loss Rs 105 for standard Gold and Rs 100 for pure Gold from its last close.

In London, the yellow metal fell at USD 672.80/674.00 per troy ounce as compared to USD 677.40/679.30 per troy ounce in New York on Tueday.

Following are the spot Silver and Gold closing prices: Silver (per kg) .999 grade : Rs 20,550 (20,695), Gold (per 10 gm): Standard mint 99.5 purity : Rs 9,715 (9,820), Pure gold 99.9 purity : Rs 9,765 (9,865).

UNI