Gold, silver ease on bullish advice
Mumbai,
Nov
2:
Both
the
precious
metals
eased
today
in
the
opening
session
as
silver
went
down
by
Rs
275
per
kg
and
gold
by
Rs
40
per
ten
gm
due
to
lack
of
demand,
traders
at
the
Bombay
Bullion
Association
said.
Traders received reports from Tokyo market that Gold bounced back on Friday after finishing lower the previous day when investors made profit on crude's decline and the Dollar's rise.
Spot gold was at USD 791.80/792.60 an ounce, versus Thursday's late New York level of USD 788.90/789.70.
Silver was at USD 14.16/14.21 an ounce versus USD 14.15/14.20 late in New York.
Following are the opening rates of spot Silver and Gold: Silver (per kg).999 fineness grade: Rs 18,985, Gold (per 10 gm): Gold 99.5 purity standard mint Rs 10,080, Gold 99.9 purity pure Gold Rs 10,125.
UNI