Precious metal recover on bullish global advices

Mumbai, May 24 (UNI) Both the precious metals today recovered on bullish global advices with Silver up by Rs 30 per kg and Gold by Rs 15 per ten gm on the Bombay Bullion Exchange.

Silver fineness .999 opened high at Rs 18,235 per kg on good demand. Later, it rose slightly and closed at Rs 18,245 with a gain of Rs 30 from yesterday's close of Rs 18,215.

In London, silver edged up to USD 13.01/13.05 per troy ounce against USD 12.99/13.03 per troy ounce in New York.

Similarly, standard gold (99.5) and pure gold (99.9) opened upwards at Rs 8,725 and Rs 8,775 per ten gm respectively on better buying support.

Later, the yellow metal fell slightly and closed at Rs 8,720 and Rs 8,770 with a gain of Rs 15 each from their last close.

In London, gold also inched up to USD 670.00/675.00 per troy ounce as compared to USD 661.00/663.00 per troy ounce in New York on Wednesday.

Following are the spot silver and gold closing prices: Silver (per kg) .999 grade : Rs 18,245 (18,215), Gold (per 10 gm): Standard mint 99.5 purity : Rs 8,720 (8,705) Pure gold 99.9 purity : Rs 8,770 (8,755) UNI