Gold closes at all time high at 10,185 per ten gm

Mumbai, Oct 29 (UNI) Pure gold today closed at an all time high of Rs 10,185 per ten gm with a big gain of Rs 100 even as Slver ended higher at Rs 19,210 per kg with a massive gain of Rs 235 from its last close on reduced offers by stockists due to bullish advice from global and upcountry markets, traders at the Bombay Bullion Associaton said.

Silver (.999 fineness) variety crossed the Rs 19,000 mark and opened higher at Rs 19,215 per kg on brisk industrial user's demand.

Later, the white metal rallied again and closed firm at Rs 19,210 with a big gain of Rs 235 per kg from its previous close.

Traders said there was sustained heavy industrial users demand and also lesser arrival of stocks from upcountry centres and firm advice from global markets.

In New York, London and other markets, the white metal was quoted high at USD 14.38/14.40 per troy ounce against USD 14.04/14.10 per troy ounce, the previous day.

Prices of standard mint gold (99.5 purity) and pure gold (99.9 purity) grades also touched above Rs 10,000 mark for the first time. Both the prices were opened higher at Rs 10,130 per ten gm for standard mint and for pure gold at Rs 10,180 per ten gm.

Both the prices rose smartly by Rs 95 for standard mint and pure gold by Rs 100 per ten gm from their last close. There was lack of offers by stockists and local buyers were cautious in view of bullish advice from global marekts.

In London, New York and Asian markets, gold touched a high of USD 786.50/790.00 per troy ounce as compared to USD 769.25/772.00 per troy ounce the previous day, which reflected the upward trend in the domestic prices, traders said.

Following are the spot silver and gold closing prices: Silver (per kg) .999 grade : Rs 19,210 (18,975), Gold (per 10 gm): Standard mint 99.5 purity: Rs 10,135 (10,040), Pure gold 99.9 purity: Rs 10,185 (10,085).

UNI