Silver rises, Gold eases in closing session

Mumbai, Aug 1 (UNI) A mixed trend was witnessed in precious metals with Silver rising by Rs 30 per kg and Gold easing by Rs 40 per ten gm on sluggish demand by ornament makers, traders at the Bombay Bullion Association (BBA) said.

Silver ended at Rs 24,915, while gold finished at Rs 12,510 per ten gm.

The white metal opened high at Rs 24,960 per kg, on fresh stockists demand and finished at Rs 24,915, with a gain of Rs 30 per kg from its yesterday's close.

Standard gold and pure gold opened low at Rs 12,515 and Rs 12,575 respectively, amid discouraging advice from dealers.

Later, standard gold and pure gold closed at Rs 12,510 and Rs 12,570 respectively, on lower buying support in view of bearish trend.

Standard gold and pure gold fell by Rs 40 per ten gm each.

In London and Asian markets, gold was recorded at USD 910.00/910.50 per troy ounce, against 911.00/911.50, the previous day, while the white metal was quoted at USD 17.44/17.45 an ounce from USD 17.45/17.46 per ounce from its last close, traders said.

Following are the spot silver and gold closing prices: Silver (per kg) .999 grade: Rs 24,915 (24,885) Gold (per 10 gm): Standard mint 99.5 purity: Rs 12,510 (12,550) Pure gold 99.9 purity: Rs 12,570 (12,610) UNI NV GS OBB PD VC1922