Saturday, December 25 2004 15:26 Hrs (IST) - World Time -

Mumbai: In restricted activity, silver prices turned weak on the Bullion market in Mumbai today (Dec 25, 2004) due to poor demand.

Gold, on the other hand, moved narrowly and closed steady as most of the international markets are closed for Christmas.

The volume of business was very low due to the closure of international markets and local traders were also in holiday mood, dealers said.

Ready silver (.999 fineness) opened weak at Rs 10,730 per kilo due to poor support, but tended to move up on some low-level enquiry and closed at Rs 10,735, still showing a fresh loss of Rs 20 over the previous close of Rs 10,755.

Standard gold (99.5 purity) resumed marginally higher at Rs 6405 per 10 gram, but soon eased due to lack of support and closed at the opening level, showing no change from yesterday.

Similarly, pure gold (99.9 purity), after a subdued start at Rs 6445, moved narrowly and ended at the previous day's close of Rs 6,440.