Gold, Silver Zoom Ahead on Global Advice - JB News Feed
Mumbai, Oct 19 (UNI) Both the precious metals rallied for the second consecutive day today with Silver gaining by Rs 135 per kg and Gold by Rs 35 per ten gm on bullish advice from global and upcountry markets, traders at the Bombay Bullion Associaton said.
Silver (.999 fineness) variety opened higher by Rs 105 at 18,540 per kg from its last close on fresh industrial users demand.
Later, the white metal moved further up and closed firm at Rs 18,570 with a big gain of Rs 135 per kg from its previous close. The white metal spurted up by Rs 215 within last the two days.
There was sustained brisk demand from local dealers in view of bullish global and upcountry advice.
In New York, London and other markets, the white metal touched a high of around USD 13.88/13.92 per troy ounce against USD 13.80/13.85 per troy ounce on the previous day.
Prices of Standard gold (99.5 purity) and pure gold (99.9 purity) grades crossed Rs 9900 mark,opening high at Rs 9,915 and Rs 9965 per ten gm respectively from their last close.
Later, standard mint gold and pure gold grades closed at the same level of today's opening rates. Both the prices rose again of Rs 35 each from their last close. The yellow metal prices spurted up by Rs 65 in the last two sessions.
Traders said'' There was brisk seasonal demand mainly from jewellers. Sellers were holding on to their stocks in view of bullish advice from global markets.
In London, New York and Asian markets, gold was up at USD 764.25/769.00 per troy ounce compared to USD 760.25/762.00 on the previous day, which helped to boost in domestic prices, traders added.
Following are the spot silver and gold closing prices: Silver (per kg) .999 grade : Rs 18,570 (18,435) Gold (per 10 gm): Standard mint 99.5 purity: Rs 9,915 (9,780) Pure gold 99.9 purity: Rs 9,965 (9,830
Silver (.999 fineness) variety opened higher by Rs 105 at 18,540 per kg from its last close on fresh industrial users demand.
Later, the white metal moved further up and closed firm at Rs 18,570 with a big gain of Rs 135 per kg from its previous close. The white metal spurted up by Rs 215 within last the two days.
There was sustained brisk demand from local dealers in view of bullish global and upcountry advice.
In New York, London and other markets, the white metal touched a high of around USD 13.88/13.92 per troy ounce against USD 13.80/13.85 per troy ounce on the previous day.
Prices of Standard gold (99.5 purity) and pure gold (99.9 purity) grades crossed Rs 9900 mark,opening high at Rs 9,915 and Rs 9965 per ten gm respectively from their last close.
Later, standard mint gold and pure gold grades closed at the same level of today's opening rates. Both the prices rose again of Rs 35 each from their last close. The yellow metal prices spurted up by Rs 65 in the last two sessions.
Traders said'' There was brisk seasonal demand mainly from jewellers. Sellers were holding on to their stocks in view of bullish advice from global markets.
In London, New York and Asian markets, gold was up at USD 764.25/769.00 per troy ounce compared to USD 760.25/762.00 on the previous day, which helped to boost in domestic prices, traders added.
Following are the spot silver and gold closing prices: Silver (per kg) .999 grade : Rs 18,570 (18,435) Gold (per 10 gm): Standard mint 99.5 purity: Rs 9,915 (9,780) Pure gold 99.9 purity: Rs 9,965 (9,830

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