Precious metals tumble

Mumbai, Aug 18 (UNI) Both the precious metals plunged today with Silver down by Rs 1,675 per kg and gold declined by Rs 270 per ten gm on lack of demand by jewellery makers in view of bearish advice, traders at the Bombay Bullion Association said.

Following were the closing rates of spot silver and gold: Silver (per kg) 999 fineness grade : Rs 20,670 (22,345) Gold (per 10 gm): Gold 99.5 purity standard mint : Rs 11,410 (11,680) Gold 99.9 purity pure gold : Rs 11,470 (11,750) UNI NV GS OBB SKB1806