Precious metals ease on Bullsih advice

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Bullion

Mumbai, Jan 30: Both the precious metals eased today on thin buying support with silver declining by Rs 110 per kg and gold by Rs 75 per ten gm in the opening trading session at the Bombay Bullion market.

In the international market also gold and silver dipped with silver at USD 16.61/16.66 an ounce from USD 16.68/16.73 in New York. Gold also fell to USD 921.50/922.50 an ounce from USD 928.60/929.30 an ounce as investors booked profits ahead of an interest rate decision by the US Federal Reserve, which may determine the direction of the precious metals market.

Following are the opening rates of spot silver and gold in the Bombay Bullion market today: Silver (per kg) 999 fineness grade : Rs 20,970 Gold (per 10 gm) Gold 99.5 purity standard mint : Rs 11,770 Gold 99.9 purity pure gold : Rs 11,825.


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