Standard gold fell by Rs 20 at Rs 4,320 per 10 gm. Gold .22 carat declined by same margin at Rs 3995 per 10 gm in sympathy. Prices of gold biscuit (116.50 gm) dropped by Rs 250 at Rs 50,600 per piece after gaining Rs 350 on Monday. Continued demand resistance arrested the rally while brisk inflow coupled with weak overseas advices prompted profit taking, according to a broker. Adding that, fresh rise in dollar value against rupee has failed to cheer up market sentiment, he added. In the global market gold slipped from $271.70 to $268.90 per troy ounce.

Silver .999 dropped by Rs 100 at Rs 7,390 per kg. Silver .916 was down by Rs 95 at Rs 7,280 per kg. Absence of fresh industrial enquiries kept silver prices lower while continued inflow - 350/400 kg of raw silver coupled with weak Delhi and global advices weakened the market sentiments further. In the global market the white metal softened from $4.53 to $4.43 per troy ounce.Oil & oilseeds: Firm trend in groundnut oil prices continued on the oil, oilseeds market here on Tuesday. Other edible oils lead by imported palm oil also lifted further on the back of smart gains in the global market. Adding that, spurt in dollar value also prompted uptrend on account of hike in import cost, it was learnt.

Groundnut oil moved up by Rs 5 at Rs 335 per 10 kg on tight supplies coupled with fresh seasonal buying. In Rajkot, it was quoted at Rs 540 (Rs 535) per 15 kg Imported palm oil closed Rs 2 higher at Rs 245 per 10 kg. In the global market palm oil shot up from $240 to $247.50 per tonne. Long deliveries were quoted at $252.50/260 per tonne. Meanwhile castor oil edged up by a rupee at Rs 269/281 per 10 kg on light covering by shippers.