Gold, silver ease on bullish advice

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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.


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