BULLION : Standard gold declined by Rs 10 to Rs 4,470 from the last close of Rs 4,480; 22-carat gold was nominally quoted weak at Rs 4,135 as against the previous close of Rs 4,145. Ten-tola gold bar (.999 purity) fell by Rs 100 to Rs 52,200 from Rs 52,300 yesterday. In the international market, gold declined by $1.50 per ounce to close at $264.50 in Hong Kong and in London, it was fixed at $264.10 an ounce in the morning, down from the previous close of $265.70 an ounce, traders said. Ready silver (.999 fineness), after a better start at Rs 7970, turned weak and closed at Rs 7960, showing a fresh fall of Rs 5 over the previous close of Rs 7965. Raw silver (.916 fineness) and tenderable silver also declined by a similar margin to close at Rs 7850 and Rs 7965 respectively from the last close of Rs 7855 and Rs 7870.

OILSEEDS, OILS : Imported RBD palmolein turned weak due to subdued trend in the Malaysian markets. Elsewhere, prices improved, on demand in the face of thin supply. In Malaysia, crude palm oil futures showed weak trend as November contract fell by 5 Ringgit to 820, while December and January delivery contracts were quoted weak at 836 Ringgit and 848 Ringgit respectively, traders said.

In the local market, RBD palmolein declined sharply by Rs 4 to close at Rs 210 from the last close of Rs 214. However, groundnut oil held steady at Rs 350. In the non-edible section, linseed oil shot up to Rs 275 from yesterday's close of Rs 265 on firm Calcutta advices coupled with good paint industries' offtake. Castor oil commercial rose further by Rs 3 to Rs 297 from the last close of Rs 294, on increased demand from soap manufacturers.

Castorseed bold Madras rose to Rs 1335 from Rs 1320 on good export demand. In the futures market, castorseed December delivery opened firm at Rs 1365 and later, closed marginally weak at Rs 1358, still showing a sharp rally of Rs 15 over yesterday's close of Rs 1343. There was no trading on February contract. In castor oil international, December contract edged up to Rs 312 from Rs 310. Rbd palmolein December delivery declined by Rs 7.50 to Rs 207.50 from the last close of Rs 215. However, November and January contracts remained untraded. SUGAR : Sugar prices dropped due to fall in demand amidst increased supply and closed with fresh losses. Sufficient stock positions in the face of reduced local as well as stockists offtake mainly brought down sugar prices. Lower outside advices also influenced the market sentiment, they said.

In Mumbai, sugar prices recovered marginally on the Vashi wholesale market today on renewed demand from retailers. Sugar ready M-30 And S-30 quoted lower at Rs 1510-1570 and Rs 1505-1535 against the previous closing marks of Rs 1520-1590 and Rs 1510-1540 per quintal respectively on reduced offtake. Khandsari crusher also dippged to Rs 1450 as compared to last level of Rs. 1490-1515 a quintal on increased arrivals.