Silver strengthens on firm global cues, gold also edges up

Mumbai, Feb 5 (PTI) Silver prices rose further at thebullion market here today on sustained buying by stockists andspeculators amidst higher global advices.

Gold also moved up on local buying interest as well asjewellery demand.

Silver ready (.999 fineness) shot up by Rs 285 per kg toclose at Rs 44,975 from yesterday''s closing level of Rs44,690.

Standard gold (99.5 per cent purity) improved by Rs 15per 10 grams to finish at Rs 20,080 from Rs 20,065.

Pure gold (99.9 per cent purity) also looked up by asimilar to end at Rs 20,180 from Rs 20,165 previously.

In New York, March silver gained by 33.1 cents to USD29.06 an ounce.

However, gold futures for April delivery settled lowerby USD 4 to USD 1,349.00 an ounce on the Comex division of theNYMEX yesterday.