Steep fall in silver prices

MUMBAI, May 19: Silver prices fell further steeply by Rs 255 per kilo due to sharp fall in the global prices. Gold also eased further on weak London advices. Ready silver of .999 fineness fell by Rs 255 to close at Rs 7670 as against Rs 7925 yesterday. Raw silver showed a fall of Rs 265 at Rs 7560 from Rs 7825 while tenderable silver declined by Rs 255 to Rs 7675 from Rs 7930.

Standard gold eased further by Rs 10 to end at Rs 4130 from the last close of Rs 4140. 22-carat gold was nominally quoted weak at Rs 3820 and ten-tola gold bar of .999 purity fell by Rs 100 to Rs 48,500.