Silver, Gold opens low on Oct 6

Mumbai, Oct 6: Both the precious metals were low in the opening session on Monday, Oct 6, with silver easing by Rs 160 per kg and gold by Rs 30 per ten gm, from their last finish following poor buying support from jewellery makers, traders in the Bombay Bullion Association said.

The white metal opened at Rs 19,325 per kg, while the yellow metal at Rs 12,800 per ten gm. In the international market too, a negative sentiment was seen as gold was recorded at USD 828.00/828.50 per ounce (USD 838.00/838.50), while silver was at USD 10.96/10.97 an ounce (USD 11.20/11.21). The downward march in both the precious metals occurred due to declining oil prices, which slumped by two per cent today, a Singapore market report said.

Following were the opening domestic spot rates: Silver (per kg) 999 fineness grade: Rs 19,325 Gold (per 10 gm): 99.5 purity standard mint: Rs 12,800 99.9 purity pure gold: Rs 12,855.

UNI