Gold, Silver decline on thin demand

Mumbai, Aug 22 (UNI) Gold and Silver today declined by Rs 35 per ten gms and Rs 125 per kg respectively, in the absence of fresh buying support from local dealers induced by discouraging advice from global and upcountry markets, traders at the Bombay Bullion Association said.

Following are the closing rates of spot silver and gold: Silver (per kg) 999 fineness grade : Rs 16,815 (16,940), Gold (per 10 gm) Gold 99.5 purity standard mint : Rs 8,765 (8,800) Gold 99.9 purity pure Gold : Rs 8,815 (8,850) UNI