Silver, Gold zoom up: BBA

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Mumbai, Jun 17: The precious metals zoomed up today with Silver rising by Rs 425 and Gold by Rs 70 per ten gm on good demand by jewellery makers and strong global cues, traders at the Bombay Bullion Association (BBA) said.

Silver .999 fineness variety opened higher at Rs 24,435 per kg from its previous close on encouraging advices from global markets. Later, it moved down owing to lack of buying support from industrial users but eventually finished higher at Rs 24,360, up by Rs 425 per kg from its prvious close. Standard mint and pure gold opened higher at Rs 12,290 per ten gm and Rs 12,345 per ten gm respectively on better buying support.

Later, standard mint gold and pure gold slightly inched down on sustained heavy selling pressure and closed at Rs 12,270 and Rs 12,330 respectively.

Standard gold and pure gold were up by Rs 70 and Rs 65 per ten gm respectively from their previous finish, amid speculative demand, traders added.

In London and Asian markets, gold was quoted higher in a range of USD 879.00/880.00 per troy ounce, against 868.00/869.00, the previous day, while the white metal inched up at USD 16.94/16.95 per troy ounce, compared to 16.50/16.51 per troy ounce from its last finish, traders added.

Following are the spot silver and gold closing prices: Silver (per kg) .999 grade: Rs 24,360 (23,935) Gold (per 10 gm): Standard mint 99.5 purity: Rs 12,270 (12,200) Pure gold 99.9 purity: Rs 12,330 (12,265)


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