Precious metals up

Mumbai, Jun 19 (UNI) Both the precious metals advanced today with Silver going up by Rs 160 per kg and standard gold by Rs 65 per ten gm on good demand from jewellery makers in view of strong global cues, traders at the Bombay Bullion Association (BBA) said.

Silver .999 fineness variety opened higher at Rs 24,485 per kg from its previous close on fresh buying support by indusrial users.

Later, it fell amid sluggish demand from industrial users and finished lower at Rs 24,390 but gained by Rs 160 per kg from its previous close.

Standard mint and pure gold opened higher at Rs 12,400 per ten gm and Rs 12,460 per ten gm respectively on increase of fresh demand by jewellery makers.

Later, standard mint gold and pure gold slightly eased on thin buying support by ornament makers and closed at Rs 12,350 and Rs 12,415 respectively.

Standard gold and pure gold surged by Rs 65 per ten gm each respectively from their last finish, amid renewed demand and positive cues in the global market, traders added.

In London and Asian markets also, upward march was registered as gold was quoted higher in a range of USD 888.00/889.00 per troy ounce, against 886.00/887.00, the previous day, while the white metal edged up at USD 17.20/17.21 per troy ounce, compared to 16.10/16.11 per troy ounce from its last finish, traders added.

Precious metals soared on a weak dollar and gains in oil, traders added.

Following are the spot silver and gold closing prices: Silver (per kg) .999 grade: Rs 24,390 (24,230) Gold (per 10 gm): Standard mint 99.5 purity: Rs 12,350 (12,285) Pure gold 99.9 purity: Rs 12,415 (12,350) UNI NV OBB SKB1837