Gold, silver opens, decline

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Mumbai, Sep 20: Spot gold and silver today opened lower as silver eased by Rs 120 per kg and pure gold by Rs 75 per ten gm, on poor ornament makers demand in view of weaker global advice, traders at the Bombay Bullion Association said.

According to reports from Tokyo, Gold was mostly unchanged on Thursday after hitting a new peak the previous day on safe-haven buying following the US Federal Reserve's move to trim interest rates earlier this week.

Spot gold stood at USD 721.20/722.30 an ounce against USD 721.10/$721.90 in New York. Similarly, white metal dipped at USD 12.91/12.96 an ounce from USD 12.95/13.00 in New York, that reflected in the domestic prices, traders added.

Following are the opening rates of spot silver and gold: Silver (per kg).999 fineness grade: Rs 17,720, Gold (per 10 gm): Gold 99.5 purity standard mint : Rs 9,375, Gold 99.9 purity pure Gold : Rs 9,425.


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