Standard gold slide by Rs 25 at Rs 4,620 per 10 gm. Gold 22 carat was down by Rs 20 at Rs 4,275 per 10 gm. Prices of gold biscuit (116.50 gm.) fell by Rs 200 at Rs 54,200 per piece. Seasonal buying was lower than expected and following steady global supplies and weak global advices prompted fresh offerings by stockists and bankers. Subdued trend in dollar value against rupee also kept gold prices weak, dealers says. In the global market, gold moved down from $399.75 to $391/392 before concluding at $393.75 per an ounce.

Silver .999 recovered by Rs 60 at Rs 8,200 per kg. Silver .916 was up by same margin at Rs 8,080 per kg. Festival and industrial demand attributed to recovery in the prices as shortage of ready stock and firm delhi advices kept offerings limited. Traders reported volume of trading around 450/600 kg today. In the overseas market the white metal ruled quiet at $5.19/5.20 per an ounce. yarn subdued

A subdued condition continued in polyester yarn triggering price cut by Reliance Industries (RIL).

Sluggish condition in the fabrics market has kept the production in Bhiwandi powerlooms down by 35 to 40 per cent. The resultant drop in the offtake for yarn has forced RIL to lower down the price of texturised yarn. The price of grey items have been pruned by Rs 5 in the case of 80dn and by Rs 4 in respect of 150dn from today. POY price has remained unchanged but the price of PSF has been hiked by Rs 2 at Rs 56.

Meanwhile, market price of 80dn ruled easy by Re 1 to Rs 2. Grey first quality of medium-sized units 80dn, roto were placed at Rs 92-93, micro roto at Rs 98, weft at Rs 86-87 and warp at Rs 93-94. 150dn weft at Rs 74 ruled unchange.

Sugar up
A steady-to-better condition was noticed on the sugar market following improved buying inquiries.

M-30 at Rs 1450-1475 and S-30 at Rs 1430-1440 a quintal ex-octroi checkpost were up by Rs 5 to 7. Ex-godown, the price held steady at Rs 1460-1535 and at Rs 1443-1465.

In tenders also, steady trend continued. M-30 were indicated at Rs 1375-1385 and S-30 at Rs 1355-1365 in Kolhapur line.

Grains dull
A dull-to-easy trend was noticed on the grains market, following slack demand which induced increased offeerings in certain items of pulses.

Wheat milling indigenous at Rs 775 and French ex-dock at Rs 625 as also FCI goods at Rs 725 were unchanged. Rice also ruled quietly steady.

Among pulses, tur, Myanmar price dropped down by Rs 100 at Rs 1800. Urad Myanmar at Rs 1975-2000 shed Rs 25. Moong Myanmar at Rs 1500-1600 and Chinese at Rs 1750-1900 lost Rs 50 to 75. Australian gram were down by Rs 75 at Rs 1400 on lack of buying support at high level.

Green peas USA at Rs 1325, Canadian at Rs 950-1000, white peas Canadian at Rs 900 and French at Rs 875 were steady.

Cotton eases
An easy tendency was in evidence on the cotton market, following increased arrivals, coupled with slack mill demand. CAB is to hold meeting on Thursday to review, iteralia, demand and supply scenario.

Arrivals in Punjab zone rose to 15,000 bales comprising of 5000 bales of Bengal Deshi and 10,000 bales of J-34. Price, generally, reacted by Rs 20 to 30 a maund. J-34 saw-ginned good average Punjab dipped to Rs 1600-1680, Haryana to Rs 1525-1550 and Rajasthan to Rs 1515-1535 spot. Cart selected material found sellers at Rs 1700-1720, Rs 1570-1580 and Rs 1560-1565 respectively. J-34 roller-ginned good average Punjab were quoted at Rs 1560-1570, Haryana at Rs 1460-1470 and Rajasthan at Rs 1460-1480.

Bengal Deshi roller-ginned Punjab ruled at Rs 1200-1235, Haryana at Rs 1210-1215 and Rajasthan at Rs 1225-1250.

Gujrat cotton also eased by Rs 100 a candy. V-797 were down to Rs 13,300-13,600. Wagad and Kalan-ginned were mentioned at Rs 12,800 and at Rs 12,200 respectively. Sanker ruled in the range of Rs 17,500-19,000.Future price also lost ground in sympathy with trend in the ready section. December contract lost 19 points,February 13 and April 10 points.

New York advices were weak by 0.22 to 0.29 cents as December was placed at 52.21, March at 53.70, May at 54.65 and July at 55.49 cents.