Precious metals open low on bullish advice

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Mumbai, Oct 31: Precious metals opened low on Friday, Oct 31 with silver sliding by Rs 350 per kg and Gold by Rs 310 per ten gm on sustained heavy selling pressure by industrial users, in view of weak global advice, traders at the Bombay Bullion Association said.

The white metal opened at Rs 17,020 per kg and Gold at Rs 11,790 per ten gm. Negative sentiments were registered in Asian Markets too, as gold quoted low at USD 730.00731.50 (733.00733.25) per troy ounce and USD 9.479.48 (9.509.52) per troy ounce respectively.

Following are the spot silver and gold closing prices: Silver (per kg) .999 grade: Rs 17,020 Gold (per 10 gm): Standard mint 99.5 purity: Rs 11,790 Pure gold 99.9 purity: Rs 11,855.


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