Silver, gold inches up: BBA

Mumbai, Jun 20: The upward march in the precious metals continued today also, as silver rose by Rs 115 per kg to open at Rs 24,505 and standard gold by Rs 150 per ten gm to open at Rs 12,500 per ten gm, on increase of fresh demand from ornament makers, from its previous close, traders at the Bombay Bullion Association said here.

In the international market reverse trend was witnessed, as gold slipped to USD 896.25/897.25 an ounce from USD 902.95/904.35 an ounce late in New York yesterday, when it jumped as high as USD 907.90 an ounce, its strongest level in more than a week. Silver edged down to USD 17.30/17.35 an ounce from USD 17.39/17.44 late in New York. In view of discouraging advice both the precious metals declined, Singapore market report said.

Following were the opening spot rates: Silver (per kg) 999 fineness grade: Rs 24,505 Gold (per 10 gm): 99.5 purity standard mint: Rs 12,500 99.9 purity pure gold: Rs 12,560

UNI