Physical demand was at a low ebb as steady overseas arrivals and fresh losses in the global prices prompted renewed offerings by stockists and local bankers. Weak trend in dollar value against rupee also put pressure on the bullion prices during the day. In the global market gold moved down from $254.50 to $254 per ounce.

Meanwhile silver .999 was down by Rs 5 at Rs.7,890 per kg. In the ready section silver .916 closed lower by Rs 35 at Rs 7,735 per kg in sympathy. Industrial buyers were stayed away from the falling market while continued supplies of raw silver from local sources coupled with weak Delhi and overseas advices pushed the market downward, dealers said. The volume of trading during the day, according to dealers is around140/150 kg. In the international market the white metal slid by 2 cents at $5.07 per ounce.

G'nut oil down

Groundnut oil eased modestly on the oil,oilseeds market here today. Castorseed and its oil hardened further as bears and shippers were covering their short position amidst renewed overseas enquiries.

Groundnut oil finished a rupee lower at Rs 363 per 10 kg. In Rajkot prices remained unchanged at Rs 585/590 per 15 kg.

Imported palm oil moved down by Rs 4 to Rs 204 (fresh low level) as losses in the global market prompted continued unloading by Indian importers, it was learnt. In the overseas market palm oil placed lower from $357.50 to $345 per tonne for nearby delvery and to $342.50 for long deliveries, it was gathered.

Castor oil edged up by Rs 2 to Rs 370/382 per 10 kg on fresh overseas enquiries. Castoreed ready shot up by Rs 10 at Rs 1,696/1,700 per quintal.In the futures section castorseed September delivery lifted up from Rs 1,711 to Rs 1,727 per quintal. In Ahmedabad pricesfinished firm at Rs 1,715 per quintal. In Gujarat castorseed spot delivery changed hands at Rs 332/333 per 20 kg and castor oil at Rs 362/363 per 10 kg. In the international castor oil future market, August and October delivery recovered by Rs 3 each at Rs 385 and Rs.391 per 10 kg respectively. December delivery was steady at Rs 352 per 10 kg.

Sugar unchanged

In restricted volume of business price hovered around the previous day's levels on the sugar market.

M-30 were placed at Rs 1420-1500 and S-30 at Rs 1405-1440 a quintal ex-godown. Ex-octroi checkpost, M-30 found sellers at Rs 1400-1415 and S-30 at Rs 1385-1400.

In tenders, M-30 were indicated at Rs 1350-1360 and S-30 at Rs 1335-1340 in Kolhapur line.

Milling wheat up

Milling wheat price firmed up on the grains market. Elsewhere, a dull-to-easy trend continued following slack demand.

On restricted supply milling wheat deshi price hardened by Rs 10 a quintal at Rs 745-751. Imported were well-held at Rs 681 ex-dock. Wheat northGujarat Sonaklyan at Rs 775-781 and 496 at Rs 775-800 were steady. Rice Perimal average were on offer at Rs 900-1100 and superior at Rs 1200-1500.

Among pulses, white peas Canadian lost Rs 10 at Rs 901. Tur Myanmar shed Rs 50 at Rs 1750-1800. Urad Myanmar at Rs 1711-1721 were static. Kabuli gram A-2 were down by Rs 75 at Rs 3000-3200. B-2 were placed at Rs 2700-2750, C-2 at Rs 1800-2000 and natural at Rs 2200-2300. Rajma chitra deshi were unchanged at Rs 2500-2600 but Chinese were weak by Rs 50 at Rs 2300-2350. Red rajma unpolished at Rs 1750 and superior at Rs 1850 were quietly steady.

Yarn dull

A dull condition continued on the yarn market. Viscose filament yarn bright cones first quality Century Rayon 150dn were on offer at Rs 196, 120dn at Rs 206, 100dn at Rs 215 and 75dn at Rs 245 a kg. 120dn dull cones were on offer at Rs 212.Nylon yarn 15/1/0dn Shreelon/Modipon were placed at Rs 230. Gujnil 20/1/0dn ruled at Rs 202, 30/1/0dn at Rs 300 and 111/24/10dn at Rs 150.Polyester yarn grey firstquality of medium-sized units 80dn roto ruled at Rs 81-82, weft at Rs 80-81, warp at Rs 84-85 and 150dn weft at Rs 71.

Cotton steady

Ready cotton ruled quietly steady while futures lost ground.V-797 were placed at Rs 12,900-13,400, Wagad at Rs 12,400 and kalan-ginned at Rs 11,900-12,000 a candy spot. Sanker ruled in the range of Rs 15,500-21,000.

In futures, stray unloading caused dent of 20 points in December contract and 15 points in February since last deals. Thus former ended at Rs 4765 and the latter at Rs 4790. There were no transactions in September.

Meanwhile, New York cotton price rallied by around 50 cents at the last week end. October ruled at 49.52, Deceember at 50.48, March at 51.30 and May at 51.90 cents.