Silver, Gold gain

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Mumbai, June 9 (UNI) The precious metals today gained marginally with Silver going up Rs 55 per kg and Gold by Rs 35 per ten gm on bullish advice from global markets and good demand from jewellery makers, traders at the Bombay Bullion Association (BBA) said.

Silver .999 fineness variety opened at Rs 24,665 per kg on moderate demand, mainly from industrial users. Later, it rallied and closed at Rs 24,720 per kg with a gain of Rs 55 from its last close.

Standard mint and pure gold opened at Rs 12,510 and Rs 12,570 per ten gm repectiveely. Later, standard mint gold and pure gold edged up and closed at Rs 12,555 and Rs 12,615 per ten gm respectively gaining by Rs 35 from their previous close.

There was good demand from industrial users. Sellers were keen on hoarding their stocks in view of firm advice from global markets, dealers said.

At London, Asian and other markets, gold quoted higher in a range of USD 902.40/904.90 per troy ounce, against 901.40/903.90, the previous day, while the white metal was also high at USD 17.52/17.54 per troy ounce compared to 17.50/17.51, the previous day, which helped to boost domestic prices, traders added.

Following are the spot silver and gold closing prices: Silver (per kg) .999 grade: Rs 24,720 (24,665) Gold (per 10 gm): Standard mint 99.5 purity: Rs 12,555 (12,520) Pure gold 99.9 purity: Rs 12,615 (12,580) UNI NV OBB VKG1823

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