Silver, Gold close higher on firm global advice

Mumbai, Sep 29 (UNI) Both the precious metals today advanced further with Silver gaining Rs 135 per kg and gold Rs 70 per ten gm on brisk festival demand by ornament makers, coupled with bullish trend in the global markets, traders at the Bombay Bullion Association said.

Silver .999 variety opened high at Rs 21,105 on fresh buying support from local dealers. Later, the white metal finished high again at Rs 21,185, with a gain of Rs 135 per kg, from its previous close, on renewed brisk festival demand from jewellery makers.

Similarly, standard and pure gold opened high at Rs 13,105 and Rs 13,170 per ten gm respectively.

Later, standard and pure gold further rallied by Rs 70 and Rs 90 per ten gm respectively. Both the prices ended firm at Rs 13,160 per ten gm for Standard mint and for pure gold at Rs 13,225 per ten from their last close, on lack of offers by stockists in view of bullish advice from global markets.

In global markets, yellow metal touched a high at USD 872.25/884.70 per troy ounce and white metal was quoted firm at USD 12.74/13.10 per troy ounce from their last finish, which helped to boost the domestic prices, dealers pointed out.

Following are the spot silver and gold closing prices: Silver (per kg) .999 grade: Rs 21,050 (21,050) Gold (per 10 gm): Standard mint 99.5 purity: Rs 13,160 (13,090) Pure gold 99.9 purity: Rs 13,225 (13,135) UNI AR OBB NP1841