Gold recovers, silver rises further

Mumbai, Apr 3: Both the precious metals recovered today with Gold moving up by Rs 75 per ten gm on good demand and Silver by Rs 220 per kg on firm global advice, traders at the Bombay Bullion Association said. Silver opened at Rs 23,050 with better buying support.

Later, it fell and was quoted at Rs 23,010 per kg. At the close, the white metal increased by Rs 220 from its last close on brisk buying support from industrial users. Standard gold (99.5 purity) also resumed higher at Rs 11,685 per ten gm and pure gold (99.9 variety) at Rs 11,745 per ten gm. Later, standard gold and pure gold eased because of sustained heavy selling pressure and closed at Rs 11,635 and Rs 11,695 per ten gm respectively.

In London and Asian markets, Gold was recorded at USD 894.50/895.15 and Silver at USD 17.10/17.11 from its previous close. Following are the spot silver and gold closing prices: Silver (per kg) .999 grade: Rs 23,010 (22,790) Gold (per 10 gm): Standard mint 99.5 purity: Rs 11,635 (11,560) Pure gold 99.9 purity: Rs 11,695 (11,615).

UNI