Metal rose today at the precious metals market

Mumbai, Dec 22: Both the precious metals rose today with silver gaining by Rs 110 per kg and gold by Rs 120 on fresh buying support by local dealers, in the opening session today because of sustained buying support, traders at the Bombay Bullion Association (BBA) said.

Meanwhile, reports from Tokyo said gold advanced on Friday as energy prices edged up, but investors were unwilling to take large buy positions as the year-end holidays are approaching. The dollar's strength also weighed on the topside.

Spot gold was trading at USD 796.40/797.20 an ounce as of 0054 GMT, up from USD 792.70/793.50 in New York today. Silver fell to USD 13.93/13.98 an ounce from USD 13.80/13.85 late in New York which did not effect on the domestic prices.

Following were the opening rates of spot silver and gold in the Bombay Bullion Market today: Silver (per kg) .999 fineness grade: Rs 19,065 Gold (per 10 gm): Gold 99.5 purity standard mint Rs 10,400 Gold 99.9 purity pure Gold Rs 10,450 UNI