Bullion Review: Silver eases, Gold rises

By Staff
|
Google Oneindia News

Mumbai, May 6: Silver fell by Rs 180 per kg due to thin buying support while Gold rose slightly by Rs 40 per ten gm on the Bombay Bullion Exchange, during the week ended May 5.

Silver .999 fineness grade opened high at Rs 19,180 per kg Monday last on improved demand. The white metal recorded a high of Rs 19,145 on April 30 and a low of Rs 18,875 per kg on May 2 before closing at Rs 18,970 with a loss of Rs 180 per kg from its last weekend close, traders said.

In the global markets, Silver declined to USD 13.45/13.47 per troy ounce as compared to the previous weekend close of USD 13.50/13.56 per troy ounce.

Similarly, standard mint Gold (99.5 fineness) also opened upward on Monday last at Rs 9,140 per ten gm and pure Gold (99.9 fineness) at Rs 9,185 per ten gm on fresh buying suppot from ornament makers.

The yellow metal registered a high of Rs 9,155 on May 5 for standard mint and Rs 9,205 for pure Gold on the same day.

Standard mint Gold recorded a low of Rs 9,020 per ten gm on May 2.

Likewise, pure Gold also registered a low of Rs 9,070 per ten gm on the same day.

Finally, the yellow metal closed at Rs 9,115 for standard Gold and Rs 9,205 for pure Gold with a gain of Rs 40 each from their last week close.

Meanwhile, in London, Gold moved upward to USD 686.00/689.00 per troy ounce during the week ended May 4 as compared to the previous week's close of USD 679.00/681.00, traders added.

UNI

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