Precious metals up: Bombay Bullion Association

Mumbai, Aug 20: Both the precious metals rose on Wednesday, Aug 20 in the opening session, with silver jumping up by Rs 450 per kg to Rs 21,130 and gold by Rs 225 per ten gm to Rs 11,695, from their previous close on brisk buying support from jewellers along with strong global advices, traders at the Bombay Bullion Association said.

In the international market too, a northward trend was seen as gold rose to USD 816.85/817.85 an ounce from USD 810.70/811.90 an ounce, while silver edged up to USD 13.38/13.44 an ounce from USD 13.15/13.21 late in New York. Oil prices rose about 1.5 per cent as part of a broad commodities rebound triggered by weakness in the US dollar. Values of yellow metal and the white metal advanced because of weak dollar and firm oil prices today, dealers pointed out.

Following were the opening domestic spot rates: Silver (per kg) 999 fineness grade: Rs 21,130 Gold (per 10 gm): 99.5 purity standard mint: Rs 11,695 99.9 purity pure gold: Rs 11,765.

UNI