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Silver, gold at 9 months high

Mumbai, Feb 26 (UNI) Spot Silver today zoomed to a 9-1/2 month high and closed at Rs 20,700 per kg, while Gold ended at a 9 month high at Rs 9,865 per ten gm on the Bombay Bullion Exchange, Silver fineness resumed high at Rs 20,810 per kg on good demand.

Later, it slipped down and closed at Rs 20,700 per kg with a loss of Rs 15 from its saturday's close.

In London, the white metal went up at 14.62/14.65 per troy ounce against USD 14.54/14.58 per troy ounce in New York.

However, standard Gold (99.5) and pure Gold (99.9) opened high at Rs 9,840 and Rs 9,895 per ten gm on better buying support.

The yellow metal eased slightly and closed at Rs 9,820 and Rs 9,865 per ten gm with a gain of Rs 25 for standard Gold and Rs 20 for pure Gold from its last close.

In London, the yellow metal went up at USD 682.80/685.00 per troy ounce as compared to USD 681.40/683.30 per troy ounce in New York on Friday.

Following are the spot Silver and Gold closing prices: Silver (per kg) .999 grade : Rs 20,700 (20,715), Gold (per 10 gm): Standard mint 99.5 purity : Rs 9,820 (9,795), Pure gold 99.9 purity : Rs 9,865 (9,845).

UNI

Rupee opens positive at 44.13/15 vs USD

Mumbai, Feb 26 (UNI) The rupee today opened higher at 44.13/15 per US dollar as against the the previous day's close of 44.20/21 on fresh selling of dollar by foreign and nationalised banks. The domestic unit was slightly higher against the dollar supported by strong capital inflows. However, traders braced themselves for central bank intervention to weaken the rupee. Later, the partially convertible rupee was at 44.18/19 per USD, marginally higher than Friday's close of 44.20/21. Traders said capital.....

UTI launches Gold Exchange Traded Fund

Lucknow, Feb 26 (UNI) Retail investors, as well as financial institutions, NRIs and FIIs, can now trade in gold on the stock exchange, just like the common shares. India's mutual fund behemoth, UTI Mutual Fund today announced the launch of UTI Gold Exchange Traded Fund from March one. The New Fund Offer (NFO) closes on March 12 and would be listed on the National Stock Exchange (NSE). It is quite different from trading in gold in a commodity exchange. Exchange Traded.....

Haryana, S Korea to cooperate in bio, nano, info sectors

Chandigarh, Feb 26 (UNI) Haryana Chief Minister Bhupinder Singh Hooda today met South Korea Director, Trade and Foreign Affairs, Kim Kwang Jung and explored possibilities of mutual cooperation in the fields of bio, nano and information technologies. Mr Kim Kwang, who is accompanying an eight-member expert delegation, apprised the Chief Minister that Korean Government was willing to invest in Haryana. He said there were several areas wherein joint partnership could take place. India, he said, was fast emerging as.....
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