Precious metals continue upward march

Mumbai, June 28 (UNI) Maintaining the upward march in the precious metals, silver shot up by Rs 30 per kg and standard gold by Rs 75 per ten gm, in the closing session, amid brisk buying support by ornament makers, traders at the Bombay Bullion Association (BBA) said today.

Within three days gold glittered by Rs 550 per ten gm and silver by Rs 625 per kg. The white metal opened higher at Rs 24,635 per kg on increase of fresh demand from industrial users. Later, it remained steady and finished at the same level at Rs 24,635 from its previous close, on moderate demand.

Prices are going high amid rising price of oil, traders said.

Standard mint and pure gold also opened high at Rs 12,840 per ten gm and Rs 12,895 per ten gm respectively, on renewed buying support from jewellery makers. Later, standard mint gold and pure gold slightly declined to Rs 12,825 and Rs 12,885 per ten gm respectively, on sustained heavy selling pressure, dealers said.

Both the prices inched up by Rs 75 and Rs 70 per ten gm respectively, from their previous finish.

Following are the spot silver and gold closing prices: Silver (per kg) .999 grade: Rs 24,635 (24,605) Gold (per 10 gm): Standard mint 99.5 purity: Rs 12,825 (12,750) Pure gold 99.9 purity: Rs 12,885 (12,815) UNI NV RN VKG1534