Gold recovers, Silver eases further

Mumbai, Mar 21 (UNI) A mixed trend was witnessed in the Bombay Bullion market with Gold recovering today by Rs 35 to close at Rs 12,110 per ten gm even as Silver dropped further by Rs 215 to finish at Rs 22,675 per kg on persisent selling pressure from stockists, traders said.

In the last four days, Silver has crashed by Rs 2,975 per kg.

Though gold recovered slightly today, it has dropped by Rs 1,420 per ten gm in the last three days.

Standard gold (99.5 purity) opened slightly up at Rs 12,100 per ten gm and pure gold (99.9 variety) at Rs 12,160 per ten gm on fresh demand.

Later, standard gold and pure gold improved and closed at Rs 12,110 and 12,170, gaining by Rs 35 each from their last close.

Silver (.999 fineness) variety resumed low at Rs 22,645 per kg on sluggish demand. Later, it rose and closed at Rs 22,675, falling by Rs 215 per kg from its previous close.

Following are the spot silver and gold closing prices: Silver (per kg) .999 grade: Rs 22,675 (22,890) Gold (per 10 gm): Standard mint 99.5 purity: Rs 12,110 (12,075) Pure gold 99.9 purity: Rs 12,170 (12,135).

Trading in the Bullion market will remain closed tomorrow on account of Holi.

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