Silver, Gold down on bullish advice
Mumbai,
Nov
30:
Spot
Silver
and
Gold
today
tumbled
in
the
opening
session
with
silver
falling
by
Rs
250
per
kg
and
Gold
losing
its
shine
by
Rs
135
per
ten
gm
due
to
lack
of
demand,
traders
at
the
Bombay
Bullion
Association
said.
Reports from Tokyo market said that Gold edged up today but held below USD 800 an ounce, carrying over a bearish tone from the previous day amid the Dollar's recovery against the Euro and falls in oil prices from recent highs.
Spot Gold was trading at USD 796.10/796.90 as of 0037 GMT, higher from USD 795.00/795.80 late in New York.
Tokyo traders said, however, technical trend turned slightly weak after bullion dropped more than 5 per cent from a high of USD 836.70 reached on Monday.
Silver edged down to USD 14.19/14.24 an ounce from USD 14.23/14.28 late in New York.
Following are the opening rates of spot Silver and Gold: Silver (per kg).999 fineness grade: Rs 19,180, Gold (per 10 gm): Gold 99.5 purity standard mint Rs 10,255, Gold 99.9 purity pure Gold Rs 10,305.
UNI