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Gold, silver rally on sustained demand

Gold and silver firmed up further at the Bombay bullion market today on sustained demand from local dealers coupled with better global and upcountry advices.

Prices of silver .999 and raw varieties shot up further by Rs 90 and Rs 100 to Rs 8,145 and Rs 8,025 per kg respectively on renewed buying support from local bulk customers as well as industrial users. Sellers were inactive due to paucity of supply from neighbouring centres.

Similarly, gold biscuit prices also jumped up by Rs 500 to Rs 46,800 per ten tola while standard mint and 22-carat also rose by Rs 25 each to Rs 4,150 and Rs 3,840 per ten gm respectively on fresh demand from local buyers and jewellery units coupled with lack of arrivals.

Following are the closing rates (including all taxes):

• Ready silver (per kg) 0.999 Rs 8,145 (Rs 8,055).
• Raw silver (per kg) Rs 8,025 (Rs 7,925).
• Gold (per ten grams) standard mint Rs 4,150 (Rs 4,125).
• 22-carat Rs 3,840 (Rs 3,815).
• Gold bar (ten tola) Rs 46,800 (Rs 46,300).

UNI

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