Precious metals firm on bullish advice

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Mumbai, Apr 4: Both the precious metals today moved up with Silver advancing by Rs 255 per kg and Gold by Rs 105 per ten gm on renewed stockists demand along with bullish global advice, traders at the Bombay Bullion Association said.

Maintaining its upward trend, in last two days Gold edged up by Rs 180 per ten gm and Silver by Rs 475 per kg.

Silver opened high at Rs 23,140 amid physical buying. Later, it further increased by Rs 255 per kg and finished at Rs 23,265 on good demand from industrial users.

Same trend was seen in gold, as standard gold (99.5 purity) also resumed upward 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 went up and closed at Rs 11,740 and Rs 11,800 per ten gm respectively on speculative buying.

In London and Asian markets, Gold was recorded at USD 902.50/903.15 and Silver at USD 17.36/17.37 from its last close.

Following are the spot silver and gold closing prices: Silver (per kg) .999 grade: Rs 23,265 (23,010) Gold (per 10 gm): Standard mint 99.5 purity: Rs 11,740 (11,635) Pure gold 99.9 purity: Rs 11,800 (11,695).


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