Gold, Silver close higher on firm advices

Mumbai, July 12 (UNI) Gold today closed higher by Rs 20 to Rs 8785 per ten gm and Silver rose by Rs 70 at 17,810 per kg on sustained ornament makers demand in view of firm advices from global markets, traders at the Bombay Bullion Association said.

Silver fineness .999 opened slightly lower at Rs 17,695 per kg on lack of demand. Later, it recovered and closed firm at Rs 17,810 per kg with small gain of Rs 70 from its last close.

In London, silver edged up to 12.92/12.95 per troy ounce, compared to its last close of 12.85/12.88 per troy ounce.

Similarly, standard gold (99.5) and pure gold (99.9) resumed weaker at Rs 8700 for standard gold and for pure gold at Rs 8750 per ten gm on poor buying support from ornament makers.

Later, the yellow metal closed at a high of Rs 8,740 and Rs 8,785 per ten gm.

In the London market, gold quoted firm at 665/668 per troy ounce against 660/662 per troy ounce on last day.

Following are the spot silver and gold closing prices: Silver (per kg) .999 grade : Rs 17,810 (17,740), Gold (per 10 gm): Standard mint 99.5 purity : Rs 8,740 (8,720) Pure gold 99.9 purity : Rs 8,785 (8,770) UNI