Standard gold fell by Rs 15 at Rs 4,535 per 10 gm. Gold .22 carat slipped by same margin at Rs 4,195 per 10 gm. Prices of gold biscuit (116.50 gm.) finished Rs 150 lower at Rs 53,150 per piece. Seasonal buyers stayed away in the falling market as continued local supplies followed by bearish global market prompted renewed offerings among stockists and local bankers, dealers said.

Even news of modest spurt in dollar value aegainst rupee has failed to cheer up the market sentiment owing to thin volume and weak global advices. In overseas market gold closed lower at $270.25 ($271.25) per troy ounce. Dollar prices here climbed from Rs 46.77 to Rs 46.80.

Silver .999 placed Rs 10 lower at Rs 7,835 per kg while silver .916 was closed Rs 5 lower at Rs 7,725 per kg. Industrial and seasonal demand for silver remained at a low, while steady supplies of raw silver and weak Delhi and overseas advices kept silver prices down.

OIL, OILSEEDS: Steady to weak trend was witnessed on the oil, oilseeds market here.

Groundnut oil placed at Rs 318 per 10 kg amidst sluggish buying interest but new crop supplies were lower than expected, dealers said. In Rajkot it was quiet at Rs 540/545 per 15 kg/Imported palmoil closed at the reduced level of Rs 199 per 10 kg as news of recovery in the global prices arrested fresh offerings in the domestic market by importers, it was learnt. In the overseas market, palmoil initially fell from $220 to $215 but later on bounced back to $222.50 per tonne.