Silver spurts further, gold also gains

Mumbai, Jan 19 (PTI) Silver prices shot up further atthe bullion market here today due to heavy speculative andstockist buying triggered by bullish overseas trend.

Gold also gained on better off-take from jewellers aswell as good local buying interest.

Silver ready (.999 fineness) strengthened by Rs 495per kg to end at Rs 45,505 from Tuesday''s closing level of Rs45,010.

Standard gold (99.5 per cent purity) firmed up by Rs40 per 10 grams to finish at Rs 20,320 from Rs 20,280previously.

Pure gold (99.9 per cent purity) also went up by asimilar margin to conclude at Rs 20,420 per 10 grams asagainst Rs 20,380 yesterday.

In New York, gold futures rose on falling dollarvaluation and demand from Asia.

Gold futures for February delivery up by USD 7.70 toUSD 1,368.20 an ounce.

Silver for March delivery also moved up by 59 centsto USD 28.91 an ounce.