Gold closes at new record peak of Rs 12,265 per ten gm

Mumbai, Feb 25 (UNI) Gold continued to break all records and closed today at a new record peak of Rs 12,265 per ten gm, gaining Rs 35, even as Silver ended at a 29 months high and moved to Rs 22,735, up by Rs 80 per kg, on strong advice from Global centres. traders at the Bombay Bullion Association (BBA) said.

The white metal has shot by Rs 615 in last four days, traders said.

Standard gold (99.5 purity) opened higher at Rs 12,280 per ten gm and pure gold (99.9 variety) at Rs 12,335 per ten gm on higher advice from local dealers.

Later, standard and pure gold fell and closed at Rs 12,265 and Rs 12,320 respectively. Standard gold inched up by Rs 35 and pure gold by Rs 30 from their last close.

Silver (.999 fineness) variety resumed up at Rs 22,740 per kg on better buying support. Later, it slid and closed at Rs 22,735 per kg and moved up by Rs 80 per kg from its previous finish.

Traders received reports from London and other asian markets that the yellow metal was quoted around USD at 947.25/948.00 per troy ounce from its previous close, while the white metal was at USD 18.05/18.06 from its last close, dealers added.

Following are the spot silver and gold closing prices: Silver (per kg) .999 grade: Rs 22,735 (22,655) Gold (per 10 gm): Standard mint 99.5 purity: Rs 12,265 (12,230) Pure gold 99.9 purity: Rs 12,320 (12,290).

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