Silver, Gold advance Silver, which zoomed up by Rs 1,970 last Saturday, shot up today by Rs 485 in the opening session. Later, it lightly slipped from the opening level to close high at Rs 55,530, up by 420 per kg from its last close. Similarly, Gold, which rose by Rs 235 per ten gm on previous session, went up by Rs 30 to Rs 27,510 per ten gm in the opening session. At close, it settled at opening level. Standard and pure gold closed at Rs 27,510 and Rs 27,640 per ten gm respectively. Both moved up by Rs 30 per ten gm each on renewed demand from ornament makers along with encouraging global cues, traders added. In the Asian Markets, the precious metals gained as Gold was quoted at USD 16.77 per ounce and Silver at USD 30.77 per ounce. Following are the closing rates of spot silver and gold: Silver per kg Rs 55,530 (Rs 55,110) Gold 99.5 (standard mint)Rs 27,510 (Rs 27,480) Gold 99.8 (pure) Rs 27,640 (Rs 27,610)
Mumbai, Jan 23 (UNI) The precious metals rallied further today with Silver surging by Rs 420 to Rs 55,530 per kg and Gold rose by Rs 30 to Rs 27,510 per ten gm, on brisk demand from industrial users along with strong global cuces, traders at the Bombay Bullion Association (BBA) said.