Precious metals zoom up

Mumbai, Jun 20 (UNI) Both the precious metals zoomed up today with Silver going up by Rs 190 per kg and Gold by Rs 200 per ten gm on brisk buying support from ornament makers on strong global cues, traders at the Bombay Bullion Association (BBA) said today.

The white metal crossed the Rs 24,500 mark and opened higher at Rs 24,505 per kg on bettter buying support by industrial users.

Later, it rose further amid heavy demand from industrial users and finished higher at Rs 24,580, gaining by Rs 190 per kg from its previous close.

Standard mint and pure gold opened higher at Rs 12,500 per ten gm and Rs 12,560 per ten gm respectively on increase in fresh demand by jewellery makers.

Later, standard mint gold and pure gold registered a hefty gain of Rs 200 and Rs 195 per ten gm respectively, closing at Rs 12,550 and Rs 12,610 respectively, on fresh buying by investors. traders added.

In London and Asian markets, an upward trend was seen as gold was quoted higher in a range of USD 905.00/906.00 per troy ounce, against 888.00/889.00, the previous day, while the white metal shot up at USD 17.60/17.61 per troy ounce, compared to 17.20/17.21 per troy ounce from its last finish, traders added.

Following are the spot silver and gold closing prices: Silver (per kg) .999 grade: Rs 24,580 (24,390) Gold (per 10 gm): Standard mint 99.5 purity: Rs 12,550 (12,350) Pure gold 99.9 purity: Rs 12,610 (12,415) UNI NV OBB VKG1840