Precious metals witness mixed trend

Mumbai, Aug 12: A mixed trend was witnessed in precious metals, as silver eased by Rs 160 per kg and gold went up by Rs 45 per ten gm during the week ended August 11 on the Bombay Bullion Exchange.

Silver (0.999 fineness grade) opened upwards on Monday last at Rs 18,040 per kg on better buying support from domestic industrial users. White metal recorded the high of Rs 18,060 on Aug 6 and low of Rs 17,670 per kg on Aug 10. It closed at Rs 17,845 per kg with a loss of Rs 160 from its last weekend's close, traders said.

In the global market, silver closed at USD 12.72/12.75 per troy ounce during the week ended Aug 10.

However, standard mint gold (99.5 fineness) opened upwards on Monday last at Rs 8,840 per ten gm followed by pure gold (99.9 fineness) at Rs 8,890 per ten gm on good demand from ornament makers.

The yellow metal registered a high of Rs 8,870 on Aug 11 and of Rs 8,920 for pure gold on the same day.

Standard mint gold recorded a low of Rs 8,735 on Aug 10.

Likewise, pure gold also registered a low of Rs 8,785 on the same day.

Finally, standard gold and pure gold closed at Rs 8,870 and Rs 8,920 with a gain of Rs 45 respectively from their last close.

Meanwhile, in London, gold was USD 663.00/664.25 per troy ounce during the week ended Aug 10.

UNI