Silver crosses Rs 24,000 mark; gold rises on strong global advice

Mumbai, Jun 6: Spot silver value today crossed Rs 24,000 mark and resumed positive at Rs 24,235 per kg with a massive gain of Rs 435, while gold opened firm at Rs 12,220 per ten gm with a gain of Rs 120, from their last finish, on report of bullish advises from Asian markets coupled with lack of offers by stockists, traders at the Bombay Bullion Association said here.

Silver (999 finesses grade) hiked by Rs 435 per kg, while standard mint gold and pure gold gained by Rs 120 each from their last finish. There was reduced offers by stockists in view of encouraging advice from global markets. In Asian and London markets, gold was quoted high in a range of USD 880.60/882.20 per troy ounce, against USD 878.20/880.60 previous day. Silver also touched a high at USD 17.17/17.20 per troy ounce as compared to USD 16.77/16.79 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 24,235 Gold (per 10 gm): 99.5 purity standard mint: Rs 12,220 99.9 purity pure gold: Rs 12,28o.

UNI