Silver, gold open northern bound

Mumbai, Jun 5: Values of spot silver and standard mint gold today resumed firm at Rs 23,790 per kg, a major gain of Rs 55, and Rs 12,165 per ten gm for standard mint gold, a gain of Rs 10, from their last finish owing to bullish advises from Asian markets coupled with lack of offers by stockists, traders at the Bombay Bullion Association said here.

Silver (999 finesses grade) rose by Rs 55 per kg, while standard mint gold gained by Rs five.

But pure gold eased by Rs five per ten gm from their last finish.

There was some good demand from jewellery makers in view of encouraging advice from global markets.

In Asian and London markets, gold was quoted upward in a range of USD 878.60/880.20 per troy ounce against USD 876.70/878.20 previous day and silver also touched a high at USD 16.77/16.79 per troy ounce as compared to USD 16.67/16.69 per troy ounce from its last close, helping a upward trend in the domestic prices, traders added.

Following were the opening spot rates: Silver (per kg) 999 fineness grade: Rs 23,790 Gold (per 10 gm): 99.5 purity standard mint: Rs 12,165 99.9 purity pure gold: Rs 12,210.

UNI