Silver, Gold end low

Mumbai, July 18 (UNI) The downward trend in the precious metals continued for the third consecutive day today on lack of buying enquiries and discourgaing global cues, traders at the Bombay Bullion Association (BBA) said.

Silver, which has fallen by Rs 590 in the last three days, eased by Rs 140 per kg to close at Rs 25,660, while Gold, which has gone down by Rs 410 in the same period, shed Rs 10 per ten gm to finish at Rs 13,275.

The white metal opened low at Rs 25,700 per kg on lack of industrial demand by ornament makers to finally close at Rs 25,660, a drop of Rs 140 per kg from its last finish.

Standard gold and pure gold opened at Rs 13,290 and Rs 13,355 respectively with gain of Rs 5 and Rs 15 respectively.

Later, standard gold and pure gold declined on sluggish demand by local dealers as standard closed at Rs 13,275 losing by Rs 10 from its previous close while pure gold remained steady and closed flat at Rs 13,340.

In London and Asian markets, a bearish trend was observed as gold was recorded at USD 954.00/955.00 per troy ounce, against 963.00/964.50, the previous day, while the white metal was quoted at USD 18.27/18.28 per troy ounce, compared to 18.72/18.73 per troy ounce from its last close, traders said.

Following are the spot silver and gold closing prices: Silver (per kg) .999 grade: Rs 25,660 (25,800) Gold (per 10 gm): Standard mint 99.5 purity: Rs 13,275 (13,285) Pure gold 99.9 purity: Rs 13,340 (13,340) UNI NV GS OBB SKB1828