Silver .999 fell by Rs 20 to Rs.7,690 per kg. Silver .916 was down by Rs 15 to Rs 7,575 per kg. Industrial demand was at a low ebb while steady Chinese supplies and weak global advices put fresh pressure on the prices.

Delhi was weak while in the overeseas market silver slid to $5.08 before closing the day at $5.10 per ounce.

Standard gold on the other hand moved in a narrow range and finished steady at Rs 4,360 per 10 gm. so was gold .22 carat at Rs 4,035 per 10 gm. Prices of gold biscuit (116.50 gm.) dropped by Rs 50 at Rs 51,100 per piece. In the global market gold slid to $286.30/286.40 per ounce. In the local market sluggish seasonal demand coupled with tight supplies kept prices in a narrow range, dealers said.

G'nut oil up

Groundnut oil looked up modestly on the oil,oilseeds market here today. Castorseed and its oil on the other hand extended losses amidst hecticsupplies and sluggish overseas demand.

Groundnut oil rose by a rupee to Rs 406 per 10 kg. on eased supplies. However, buying interest remained dull. In Rajkot prices dropped to Rs 610/615 per 15 kg.

Imported palm oil slid by Rs 2 at Rs 323 per 10 kg exclusive of tax amidst steady supplies. Sentiment of the market was weak and local importers were complaining higher stockpile of imported edible oil.

Castor oil eased by Rs 2 at Rs 330/344 per 10 kg amidst sluggish overseas demand. Castorseed ready fell by Rs 10 to Rs 1,482/1,488 per quintal in sympathy.

In the futures section castorseed March delivery moved down from Rs 1,442 to Rs 1,429 before concluding at Rs 1,434 per quintal on fresh bull unloading. In Ahmedabad February delivery closed lower at Rs1,465 and April delivery fell to Rs 1,442.50 per quintal. In Gujarat castor oil placed at Rs 315/316 per 10 kg. Castorseed arrivals were picked up to 50000/60000 bags in the Gujarat region.

Grains easy

An easy condition prevailed on the grainsmarket following slack demand and reports of critical liquidity situation faced by a few parties.

Wheat milling were static at Rs 740-745 a quintal. Other average quality wheat price declined by Rs 10 to 15. Thus, north Gujarat Sonaklyan were quoted at Rs 825-835, Tukadi at Rs 835-845, Lokvan at Rs 850-865 and 496 at Rs 865-900. Rice were static.

Among pulses, green peas USA fell by Rs 100 at Rs 1400. Canadian average were on offer at Rs 800-825 and superiror at Rs 900-925. White peas Canadian were placed at Rs 821.

Urad Myanmar lost Rs 50 at Rs 1475. Moong Myanmar at Rs 1625-1700 and Chinese at Rs 1800-1850 were down by Rs 25. Australian gram dipped from Rs 1200-1225 to Rs 1175-1200. Tur Kenyan at Rs 1800 and Tanzanian at Rs 1900 presented a somewhat better stance as they rallied by Rs 50 after a slump.

Cotton unchanged

A quiet trend prevailed on the cotton market on limited activity.Arrivals in Punjab zone were 10,000 bales comprising of 2000 bales of Bengal deshi and 8000 bales of J-34.J-34 saw-ginned good average Punjab ruled at Rs 1650-1725, Haryana at Rs 1620-1655 and Rajasthan at Rs 1645-1670 a maund spot. Cart selected goods fetched Rs 1730-1950, Rs 1700-1710 and Rs 1685-1700 respectively.

Yarn quiet

A quiet trend continued on the yarn market.

Viscose filament yarn bright cones first quality Century Rayon 150dn ruled at Rs 217, 120dn at Rs 239, 100dn at Rs 248 and 75dn at Rs 262 a kg. 120dn dull cones were on offer at Rs 247.Nylon yarn Gujnil 20/1/0dn and 30/1/0dn were placed at Rs 210 and at Rs 290 respectively. 111/24/0dn found sellers at Rs 157.

Sugar dips

An allround easy condititon continued on the sugar market following persistant slack demand.

Price dipped by Rs 5 to 7 a quintal. M-30 were placed at Rs 1422-1440 and S-30 at Rs 1390-1410 ex-godown. Ex-octroi checkpost, M-30 were quoted at Rs 1444-1515 and S-30 at Rs 1410-1455.

In tenders, M-30 were indicated at Rs 1385-1390 and S-30 at Rs 1355-1360 in Kolhapur line.

Delhi

Despite stronglocal as well as upcountry demand, silver, suffered a mild loss of Rs 7 on increased imported inflow and gold, on the local bullion market, also ruled easy on Monday.

Though silver in Hong Kong ruled at its previous close of 510 cents an ounce, yet spot silver .999 slipped by Rs 7 at Rs 7635 a kg as hefty arrival of about 30,000 kg of imported silver was reported on Saturday and silver weekly delivery too, dipped by Rs 5 at Rs 7635 a kg due to weak demand. Demand in silver from upcountry buyers was reported good.

Gold in Hong Kong dipped by $ one to $ 286.40 an ounce, consequently, gold biscuit and standard mint gold, on selling pressure, eased by Rs 5 at Rs 4370 and Rs 4380 per 10 gram, respectively.

No change was recorded in gold sovereign at Rs 3750-3775 per 8 gram.