Silver .999 looked up by Rs 5 at Rs 7,730 per kg. Silver .916 edged up by same margin at Rs 7,630 per kg. Industrial and seasonal demand for silver remain restricted but eased supplies and modest recovery in the global market kept offerings at a low ebb. Traders reported arrivals of 150/200 kg of raw silver while inflow of imported metals remain virtually absent. In the global market the white metal looked up from $4.57 to $4.61 per troy ounce.

Standard gold ruled steady at Rs 4,525 per 10 gm so was gold .22 carat at Rs 4,185. Prices of gold biscuit (116.50 gm.) placed static at Rs 53,000 per piece. Seasonal demand was slow but thin supplies and prevailing firm global advices arrested fresh offerings by bankers and stockists. In the overseas market gold moved up from $269.55 to $270.90 per troy ounce while in the local market dollar prices gained modestly from Rs 45.69 to Rs 46.770.OIL,OILSEEDS: Groundnut oil ruled quiet on the oil, oilseeds market here today. Castorseed and its oil recovered modestly in the ready delivery while prices suffered losses in the forward section.

Groundnut oil placed at Rs 320 per 10 kg amidst lower than expected new crop supplies mainly on account of prevailing severe cold conditions in the producing centres. Demand however was dull. In Rajkot groundnut oil changed hands at Rs 535/540 per 15 kg. Imported palmoil edged up by a rupee to Rs 198 per 10 kg following recovery in the global market coupled with market talks that union government may hikeimport duty on edible oil again. In the global market palmoil gained $5 at $220 per tonne for nearby delivery and long deliveries were available at $225/230 per tonne