Precious Metals Rally; Gold Surges By Rs 135
Costly metals soared up for the second successive day on Friday with the yellow metal zooming by Rs 375 to end at 17, 845 per ten gm and Silver increased by Rs 135 to mark its closure at Rs 28,400 per kg on bullish worldwide signals.
Traders at the Bombay Bullion Association (BBA) stated that silver .999 variety resumed firm at Rs 28,265 per kg with a net profit of Rs 30 on fresh demand from local industrial users.
Afterwards, the white metal rallied again and closed on a positive note at Rs 28,400 after gaining Rs 135 per kg on hefty buying action from local industrial users in view of cheerful advice from worldwide markets.
Standard gold and pure gold varieties belled on a high note at Rs 17,860 and Rs 17,950 per ten gm respectively.
Afterward, both the rates closed on a strong note at Rs 17,845 for standard gold and for pure gold at Rs 17,930 per ten gm, up by 375 each from their previous day's levels.
In the worldwide markets, an optimistic trend was witnessed as Gold climbed up to $1,197.30/1,204.50 per troy ounce and Silver also hit $17.63/17.70 per troy ounce from their last day levels, dealers added.
Following were the closing rates of spot silver and gold: Silver (per kg).999 grade: Rs 28,400 (28,265) Gold (per 10 gm): Gold 99.5 purity Standard mint: Rs 17,845 (17,470) Gold 99.9 purity Pure gold: Rs 17,930 (17,555) (With Inputs from Agencies)