Costs of gold opened a tad decrease whereas silver opened larger in Mumbai’s spot market on Tuesday, November 1.
The opening value for 999 purity gold was Rs 50,462 per 10 grams, down Rs 18 from Monday’s closing value of Rs 50,480, whereas that of 999 purity silver was Rs 58,200 per kg, up Rs 850 from Rs 57,350, the info obtainable on India Bullion and Jewellers Affiliation’s (IBJA) web site confirmed.
Nevertheless, on the Multi Commodity Alternate of India (MCX), the gold contract for December supply was buying and selling at Rs 50,417.00 per 10 grams, up Rs 95.00 (0.19 per cent) at 1:13 pm whereas the silver contract for December supply was at Rs 58,761.00, up Rs 1,083.00 (1.88 per cent).
| Bullion | Purity | Opening value (Rs) | Earlier shut (Rs) |
| Gold | 999 | 50,462 | 50,480 |
| 995 | 50,260 | 50,278 | |
| 916 | 46,223 | 46,240 | |
| 750 | 37,847 | 37,860 | |
| 585 | 29,520 | 29,531 | |
| Silver | 999 | 58,200 | 57,350 |
| Supply: India Bullion and Jewellers Affiliation (IBJA) | |||
Within the world market, spot gold was up 0.5 per cent at $1,641.43 per ounce, as of 0548 GMT. US gold futures rose 0.1 per cent at $1,642.20, Reuters information confirmed.