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Gold, silver open gap down on MCX after strong recovery last week | Check city-wise rates

Rates of precious metals in futures opened gap down on Monday after a gain of over 1 per cent last week. The gold October 5 contract on the Multi Commodity Exchange (MCX) opened with a fall of Rs 881 or 0.57 per cent at Rs 1,53,500 per 10 grams against the previous close of Rs 1,54,381. It fell further to the intraday low of Rs 1,53,050, down Rs 1,331 or 0.86 per cent. Last seen, it traded at Rs 1,53,293, down Rs 535.