Gold and silver prices climb

NEW DELHI, Aug 04 (The Indian Express): Prices of gold and silver opened higher in the country's key spot markets on Thursday.

The opening price for 999 purity gold was Rs 51,815 per 10 grams, up Rs 249 from Wednesday's closing price of Rs 51,566, while that of 999 purity silver was Rs 57,598 per kg, up Rs 289 from Rs 57,309, the data available on India Bullion and Jewellers Association's (IBJA) website showed.

On the Multi Commodity Exchange of India (MCX), the gold contract for October delivery was trading at Rs 52,051 per 10 grams, up Rs 662.00 (1.29 per cent) at 3:07 pm while the silver contract for September delivery was at Rs 58,280.00, up Rs 726.00 (1.26 per cent).

In the international market, spot gold was up 0.3 per cent to $1,769.74 per ounce, as of 0628 GMT. US gold futures rose 0.5 per cent to $1,785.60, Reuters data showed.