Precious metals down on bullish advice

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Mumbai, Nov 4: The precious metals declined in the opening session on Tuesday, Nov 4 with silver failling by Rs 375 per kg and gold by Rs 95 per ten gm, from their previous finish on sustained heavy selling pressure by ornament-makers in view of weak global advices, traders in the Bombay Bullion Association said.

In Asian markets too, a negative sentiment was witnessed as gold was quoted at USD 728.00/729.50 (733.00/733.25) per troy ounce, while silver was quoted at USD 9.80/9.82 (10.02/10.03) per troy ounce respectively. Following are the spot silver and gold closing prices: Silver (per kg) .999 grade: Rs 17,280 Gold (per 10 gm): Standard mint 99.5 purity: Rs 11,670 Pure gold 99.9 purity: Rs 11,725.


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