Standard gold fell by Rs 20 at Rs 4,430 per 10 gm. Gold .22 carat was down by Rs 15 at Rs 4,100 per 10 gm. Prices of gold prices (116.50 gm.) declined by Rs 200 at Rs 51,750 per piece. Seasonal buying was at a low ebb while continued supplies prompted fresh offerings among stockists and bankers. In the global market gold placed lower from $265.30 to $264.25 per troy ounce, and thereafter recovery in the dollar value against rupee, had little impact on the bullion prices owing to weak market, one broker said.

Silver .999 closed Rs 50 lower at Rs 7,830 per kg. Silver .916 was down by Rs 35 at Rs 7,735 per kg in sympathy. Industrial buyers stayed away in the falling market, while weak Delhi advices coupled with fresh inflow of raw silver attributed to a setback in prices here. In the international market silver finished quiet at $4.77/4.78 per troy ounce.

OIL,OILSEEDS: Groundnut oil and imported palmoil ruled static on the oil, oilseeds market here. Castorseed and its oil on the other hand extended recovery in ready delivery. And there was no trading reported in the forward market.

Groundnut oil ruled steady at Rs 305 per 10 kg, amidst sluggish buying interest and the volume of trading was thin. In Rajkot prices remain subdued at Rs 514/515 per 15 kg.

Imported palmoil finished at Rs 198 per 10 kg in the absence of overseas advices. Chicago advices however remain discouraging.

Castor oil placed Rs 2 up at Rs 285/297 per 10 kg, on steady covering by shippers.