Silver, gold edge up on bullish global advices

Mumbai, July 15: Spot silver and gold edged up by Rs 385 per kg and by Rs 145 per ten grams on bullish global advices during the week ended July 14 on the Bombay Bullion Exchange.

Silver .999 fineness grade opened low on Monday at Rs 18,535 per kg on poor demand from domestic industrial users. The white metal recorded a high of Rs 17,980 on July 13 and low of Rs 17,525 per kg on July 9 and closed at Rs 17,930 per kg with a massive gain of Rs 385 from its last weekend close, traders said.

In the global markets, silver also closed high at USD 13.03/13.06 per troy ounce during the week ended July 13 as compared to the previous weekend close of USD 12.71/12.74 per troy ounce.

Similarly, standard mint gold (99.5 fineness) also opened weak Monday at Rs 8,610 per ten gm followed by pure gold (99.9 fineness) at Rs 8,655 per ten gm on thin buying upport from ornament makers.

The yellow metal registered a high of Rs 8,775 on July 13 for standard mint and Rs 8,825 for pure gold on the same day.

Standard mint gold recorded a low of Rs 8,610 per ten gm on July 9. Likewise, pure gold also registered a low of Rs 9,655 per ten gm on the same day.

Finally, standard gold closed at Rs 8,765 per ten gm and pure gold at Rs 8,815 with a huge gain of Rs 145 from their last week close.

Meanwhile, in London, gold was USD 663/666 per troy ounce during the week ended July 13 as compared to the previous week's close of USD 753/756, traders added.

UNI