Gold falls one month low

Mumbai, Mar 5 (UNI) Both the precious metals registered a downward trend, with Gold declining to a month's low, sliding by Rs 35 per ten gm, and Silver fell by Rs 245 per kg on weak global advices today on the Bombay Bullion Exchange.

Silver fineness opened downwards at Rs 19,200 per kg. Later, it eased further and closed at Rs 19,085 per kg with a huge loss of Rs 245 from its Saturday's close.

In London, the silver also eased to 12.58/12.60 per troy ounce against USD 12.53/12.58 per troy ounce in New York.

Similarly, standard Gold (99.5) and pure Gold (99.9) opened weak at Rs 9,270 and Rs 9,315 per ten gm on poor demand.

The yellow metal eased further and closed at Rs 9,260 (standard gold) and Rs 9,305 (pure gold) per ten gm with a loss of Rs 30 and Rs 35 respectively from its last close.

In London, the yellow metal was down at USD 636.80/638.00 per troy ounce as compared to USD 658.40/660.30 per troy ounce in New York on Friday.

Following are the spot Silver and Gold closing prices: Silver (per kg) .999 grade : Rs 19,085 (19,330), Gold (per 10 gm): Standard mint 99.5 purity : Rs 9,260 (9,290), Pure gold 99.9 purity : Rs 9,305 (9,340).

UNI