Silver, gold resumes firm: Bombay bullion Association

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Mumbai, Aug 14: Gold and Silver on Thursday, Aug 14 resumed positive at Rs 22,330 per kg and Rs 11,645 per ten gm respectively from their last finish, mainly on bullish global advice and some good ornament makers demand, traders at the Bombay Bullion Association said.

Silver rose sharply by Rs 425 per kg, while standard mint gold and Pure gold by Rs 215 per ten gm and Rs 220 per ten gm respectively from their last close on lack of offers from stockists in view of encouraging advice from Asian markets. They received a positive report from Singapore that Gold rose further this morning after a jump in oil prices triggered buying from investors and speculators, helping the metal move away from its lowest level in eight months struck earlier this week.

Gold rose to USD 831.30/832.30 an ounce from USD 825.85/826.85 late in New York on Wednesday, when it jumped more than 1 percent, defying a surging dollar. Gold was off this year's lows of USD 801.90 an ounce hit on Tuesday. Silver also edged up to USD 14.91/14.97 an ounce from USD 14.82/14.88 late in New York, which helped to boost the domestic prices.

Following were the opening domestic spot rates: Silver (per kg) 999 fineness grade: Rs 22,330 Gold (per 10 gm): 99.5 purity standard mint: Rs 11,645 99.9 purity pure gold: Rs 11,710.


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