Precious metals inched up
Mumbai, Aug 26: Both the precious metals edged up, with silver rising by Rs 125 per kg and gold by Rs 60 per ten gm on bullish global advices, during the week ended August 25 on the Bombay Bullion Exchange.
Silver (0.999 fineness grade) opened upward on Monday last at Rs 16,995 per kg on fresh demand from domestic industrial users. The white metal recorded the high of Rs 17,085 on August 25 and low of Rs 16,925 per kg on August 24. It closed at Rs 17,085 per kg with a gain of Rs 125 from its last weekend's close, traders said.
In the global market, silver closed at 11.73/11.77 US Dollars per troy ounce during the week ended August 25.
However, standard mint gold (99.5 fineness) also opened downwards on Monday last at Rs 8,805 per ten gm followed by pure gold (99.9 fineness) at Rs 8,855 per ten gm on lack of good demand from ornament makers.
The yellow metal registered a high of Rs 8,910 on August 25 and Rs 8,960 for pure gold on the same day.
Standard mint gold recorded a low of Rs 8,765 on August 22.
Likewise, pure gold also registered a low of Rs 8,815 on the same day.
Finally, both standard gold and pure gold closed at Rs 8,910 and Rs 8,960, with a gain of Rs 60 each from their last close.
Meanwhile, in London, gold was USD 661.00/666.00 per troy ounce during the week ended August 25.
UNI