Silver .999 recovered by Rs 65 to Rs 7,675 per kg. Silver .916 was up by Rs 25 to Rs 7,525 per kg. Industrial demand for silver however remained a low ebb but shortage of nearby supplies and firm global advices triggered fresh specualtive interest. Volume of trading however is low and about 140/150 kg of silver changed hands today, according to dealers.

Delhi was firm and in the overseas market the white metal looked up from $4.90 to $4.93 per ounce.

Standard gold closed quiet at Rs 4,160 per 10 gm. so was gold .22 carat at Rs 3,850 per 10 gm. Prices of gold biscuit (116.50 gm.) remained unchanged at Rs 48,800 per piece. Seasonal buying was sluggish but eased overseas arrivals kept offerings limited. In the global market gold slid from $266.80 to $265.30 per ounce.

Castor futures suffer

Groundnut oil maintained at thereduced level on the oil,oilseeds market here today. Castorseed and its oil ruled firm in the ready delivery while forward market suffered fresh losses.

Groundnut oil palced at Rs 370 per 10 kg on eased summer crop arrivals, but buying interest was dull. In Rajkot prices quoted steady at Rs 585/590 per 15 kg.

Imported palm oil declined by Rs 2 to Rs 240 per 10 kg following continued arrivals coupled with news of cut in the export duty by Indonesia. Castor oil edged up by a rupee to Rs 387/399 per 10 kg on stray overseas enquiries. Castorseed ready was up by Rs 5 to Rs 1,779/1,785 per quintal in sympathy. In the international castor oil future market, August delivery spurted from Rs 386.50 to Rs 393.75 and October delivery from Rs 393 to Rs 400.50 per 10kg. Castorseed September delivery reacted from Rs 1,807 to Rs 1,789 before closing at Rs 1,794 per quintal on light bull unloading. June delivery remained untraded. In Ahmedabad September delivery placed at Rs 1,790 and in Rajkot at Rs 1,783 per quintal. InGujarat castorseed spot delivery subdued at Rs 345 per 20 kg and castor oil at Rs 377 per 10 kg. Arrivals of castorseed in the Gujarat region remained at 40000 bags, it was gathered.

Delhi:

Mill gate sugar remained under pressure and shed further ground on the primary sugar market here today. However, delhi wholesale ruled steady on sporadic support. Lower upcountry and millers advices also influenced the market sentiment.

In the mill gate section, sugar Modi Nagar and Titabi lost further Rs 5 and Rs 10 to settled at Rs 1430 and Rs 1440 per quintal respectively.Mawana and Baghpat settled lower at Rs 1545 and Rs 1405 instead of Rs 1550 and Rs 1415 per quintal respectively. Bulandshaher and Nandai also traded weak at Rs 1393 and Rs 1330 against the previous marks of Rs 1395 and Rs 1340 per quintal respectively.

Edible oils decline Select edible oils declined on the oils and oilseeds market today on reduced offtake against fresh arrivals and closed with losses.

Marketmen said easy arrivalsagainst restricted buying influenced the market sentiment which kept the volume of business at low levels.In edible section, mustard expeller oil fell by Rs 50 at Rs 3075 per quintal.

Bullion subdued

Gold and silver subdued on increased offerings coupled with lack of buyers' interest at the local bullion market today.

Gold, standard and ornaments, and bittur slipped by Rs 20 per 10 gms on increased arrivals and lack of matching demand from local as well as upcountry agents.

Prices of silver 999 ready also dipped by Rs 20 per kg while weekly delivery remained unchanged on lack of demand from operators and consumers.Sovereign and silver coins did not witness any change as demand matched supplies.

Grains unaltered Steady conditions prevailed on the grains and pulses market today as prices moved in a limited range on alternate small bouts of buying and selling before winding up around last levels.

Marketmen said arrival and offtake was at a low ebb and volume of business remained small.

Brasssheet improves Brass sheet cutting improved on the non-ferrous metal market today on scattered buying support and finished better. Prices of other non-ferrous metals, in restricted activity, traded around last levels.Brass cutting sheet was traded at Rs.83 against the last level of Rs.81-82 per kg.