Precious metals edge up

Mumbai, Apr 15 (UNI) Both the Precious metals looked up on good demand as Silver rose by Rs 325 per kg and pure Gold by Rs 40 per ten gm on the Bombay Bullion Exchange, during the week ended April 14.

Silver .999 fineness grade opened downward at Rs 19,670 per kg on Monday. The white metal recorded a high of Rs 20,035 on April 14 and a low of Rs 19,690 per kg on April nine before closing at Rs 20,035 with a massive gain of Rs 325 per kg from its last weekend close, traders said.

In the global markets, Silver soared at USD 13.97/14.08 dollars per troy ounce as compared to the previous weekend close of USD 13.62/13.65 per troy ounce.

Similarly, standard mint Gold (99.5 fineness) also opened weak on Monday at Rs 9,370 per ten gm. It was followed by pure Gold (99.9 fineness) at Rs 9,415 per ten gm on poor demand from ornament makers.

The yellow metal registered a high of Rs 9,475 on April 14 for standard mint and Rs 9,520 for pure Gold on the same day.

Standard mint Gold recorded a low of Rs 9,390 per ten gm on April nine. Likewise, pure Gold also registered a low of Rs 9,440 per ten gm on the same day.

Finally, the yellow metal closed at Rs 9,475 for standard Gold and Rs 9,520 for pure Gold with a hike of Rs 45 for standard gold and Rs 40 for pure gold per ten gm from their last week's close.

Meanwhile, in London, Gold was high at USD 683.00/685.00 per troy ounce during the week ended on April 13 as compared to the previous week's close of USD 671.05/674.00, traders said.

UNI