MUMBAI: A mixed trend was observed in the precious metals during the week ended February 2, with Silver rising by Rs 135 per kg, while Gold eased by Rs 140 per ten gm, traders at Bombay Bullion Association (BBA) said.
The yellow metal oscillated throughout the week. On Thursday, gold closed at Rs 11,785 and next day it reached Rs 11,890 recording an all-time high. On Saturday, it tumbled by Rs 305 to close at Rs 11,585.
There was a spurt in white metal from Wednesday till Friday and on Saturday, it abated. On Friday, it registered a high of Rs 21,300 per kg, which was the highest in last two years.
Silver .999 fineness grade last Monday opened high at Rs 20,985 per kg on brisk buying support from domestic industrial users. It recorded a high of Rs 21,300 on February 1 and low of Rs 20,880 on January 28 and closed at Rs 21,105 with a gain of Rs 135 from its last weekend close, traders said.
In the global market, silver inched up and closed at USD 16.80/16.82 per troy ounce during the week ended February 1 as comapared to the previous weekend close of USD 16.36/16.38 per troy ounce.
On Monday, standard mint gold (99.5 purity) opened low at Rs 11,715 per ten gm followed by pure gold (99.9 purity) at Rs 11,770 per ten gm on poor buying support from ornament-makers.
Both standard and pure golds recorded new all-time highs of Rs 11,890 and Rs 11,940 respectively on February 1.
Standard gold recorded a low of Rs 11,585 on February 2, while pure gold also dwindled to Rs 11,635 per ten gm on the same day. Finally, standard and pure golds closed at Rs 11,585 and Rs 11,635 respectively, with a loss of Rs 140 and Rs 145 respectively from their last week's close.
Meanwhile, in London, gold was USD 923.00/924.00 per troy ounce during the week ended February 1, as compared to the previous week's close of USD 907.00/908.50, traders added.
