Precious metals inched up on bullish advice
Mumbai,
Oct
13:
Precious
metals
today
opened
firm
with
Silver
gaining
by
Rs
55
per
kg
and
Gold
by
Rs
35
per
ten
gm
due
to
better
buying
support,
traders
at
the
Bombay
Bullion
Association
said.
Traders were received a reports from Tokyo market as Gold fell on Friday in a correction after hitting a 28-year high the previous day, while platinum fell from a record high, but underlying sentiment stayed bullish on strong oil and a weak dollar.
COMEX gold futures fell in Asia, with the most active December contract at USD 752.0 an ounce, down USD 4.7, or 0.6 percent, from the New York settlement.
Silver eased to USD 13.72/13.77 an ounce from USD 13.73/13.78 late in New York,which did not impact on domestic prices, traders added.
Following
are
the
opening
rates
of
spot
silver
and
gold:
Silver
(per
kg).999
fineness
grade:
Rs
18,335,
Gold
(per
10
gm):
Gold
99.5
purity
standard
mint
:
Rs
9,575
Gold
99.9
purity
pure
Gold
Rs
9,625.
UNI