Meanwhile silver .999 extended gains by Rs 145 at Rs 7,625 per kg after gaining Rs 100 on Thursday. Likewise silver .916 climbed further by Rs 120 to Rs 7,500 per kg in sympathy. Seasonal and industrial demand for silver continued while absence of fresh inflow and bullish global market prompted fresh buoyancy in the local market. Delhi was firm and in the overseas market silver prices placed at $5.06 as against $4.97 per ounceearlier.

Mumbai: Groundnut oil declined further on the oil, oilseeds market here today. Castorseed and its oil suffered losses at higher level.

Groundnut oil fell by Rs 5 to Rs 565 per 10 kg amidst sluggish demand while stockists were seen active sellers on news of commencement of new crop arrivals in the Saurashtra region of Gujarat state, it was learnt. In Rajkot groundnut oil quoted lower at Rs 840/845 per 15 kg. Groundnut new crop arrivals has commenced in the Saurashtra region and will pick up by next month, according to the president, Bombay Oil Exchange.

Imported palm oil closed Rs 2 lower at Rs 375 per 10 kg exclusive of tax amidst sluggish demand, fresh inflow at Mumbai port and weak trend in world market. In the global market palm oil fell by $5 to $730 per tonne. Forward deliveries were quoted lower at $710/670 per tonne.

Castor oil reacted by Rs 9 to Rs 535/547 per 10 kg as export demand petered out. Castorseed ready dropped by Rs 48 to Rs 2,466/2,472 per quintal in sympathy.

Inthe futures section castorseed December delivery reacted from Rs 1,928 to Rs 1,898 per quintal as weak Ahmedabad advices prompted bull unloading. Today there was no trading in September delivery.

In Ahmedabad castorseed December delivery declined to Rs 1,983.50 and in kerb deal it was quoted lower at Rs 1,976/1,977 per quintal.