New Delhi, 01 May (NNS): The situation seems serious in Iran and the America wants to coversate again, due to this, the prices held stable at Rs 770 per kg. Recently, the prices have gone down by Rs 20 per kg. The trading activities remained close on the occasion of Labour day. The market sentiments may affect due to the lack of activeness from the exporters. The spot red chilli prices will likely to remain strong during the coming one or two days.