Gold rises on strong global advice, silver eases

Mumbai, Aug 7: A mixed trend was today seen in bullion opening prices, as gold rose sharply on reports of bullish advice from global markets while silver eased modestly on thin local demand, according to traders at the bullion market.

Trading in bullion market resumed late by two hours at 1400 hrs due to heavy rainfall in entire city and suburbans, which affected the public transport systems, traders said. There was lack of attendence of traders at Zaveri Bazar in South Mumbai, traders added.

Following were today's opening rates : Silver (per kg) .999 fineness grade : Rs 19,170, Gold (per 10 gm): Gold 99.5 purity standard mint: : Rs 9,810, Gold 99.9 purity variety : Rs 9,860.

UNI