Silver down, gold up in early trade: BBA

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Mumbai, Jun 13: A mixed trend was observed in the precious metals at the opening session today, as silver eased by Rs 35 per kg at Rs 23,870, on sluggish demand from jewellery makers, while gold recovered by Rs 45 per ten gm at Rs 12,115, from its last close, owing to the fresh buying support, traders at the Bombay Bullion Association said here.

Silver (999 finesses grade) opened low at Rs 23,870 per kg despite of strong advice from Singapore market, as silver quoted high at USD 16.54/16.60 an ounce from USD 16.44/16.54, while standard mint gold and pure gold opened high at Rs 12,115 and Rs 12,175 per ten gm respectively. Yellow metal rose to USD 871.70/872.70 an ounce at Singapore from USD 867.55/869.55 late in New York yesterday, which helped to boost the domestic price, traders pointed out.

Following were the opening spot rates: Silver (per kg) 999 fineness grade: Rs 23,870 Gold (per 10 gm): 99.5 purity standard mint: Rs 12,115 99.9 purity pure gold: Rs 12,175


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