Analysts said sell-off by participants at existing levels amid subdued trend in market mainly weighed on cottonseed oil cake prices.
Gold was down 0.16 per cent while silver rose 0.97 per cent. Base metal counters were trading mixed with nickel and aluminium in the red. Crude oil fell 0.06 per cent while its peer natural gas added 0.78 per cent.
Brent crude for January delivery, a contract that expires on Monday, dropped 90 cents, or 1.9%, to $47.28 a barrel by 0944 GMT. The more actively traded February Brent contract was down 89 cents at $47.36.
Financial markets worldwide have gained in most sessions over the past couple of weeks as U.S. drugmakers Pfizer Inc and Moderna Inc as well as Britain's AstraZeneca released positive trial data on the effectiveness of their vaccine candidates.
Edible oil prices have been rising since May despite the pandemic-led demand destruction due to global factors and shortage of domestic mustard crop. India reduced the import duty on crude palm oil with effect from November 27 following an increase in oil prices by nearly 50% in the past six months.
U.S. West Texas Intermediate crude futures for January fell 40 cents, or 0.9%, to $45.13 a barrel.
West Texas Intermediate crude oil was trading 1.99 percent lower at USD 44.80 per barrel, while Brent crude was quoting 0.52 percent lower at USD 47.55 per barrel in New York.
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