Silver, gold turn weak

Mumbai, May 23 (UNI) Both the precious metals today turned weaker with Silver closing at a low of Rs 24,980, registering a small loss of Rs 65 per kg, and Gold at Rs 12,80O, down by Rs 85 per ten gm, on sustained offers by local stockists induced by bearish advices from global markets, traders at the Bombay Bullion Association said.

Following were the closing rates of spot silver and gold: Silver (per kg) 999 fineness grade : Rs 24,980 (25,045) Gold (per 10 gm): Gold 99.5 purity standard mint : Rs 12,800 (12,885) Gold 99.9 purity pure gold : Rs 12,860 (12,945).

UNI AR OBB AG1754