Standard gold on the other hand maintained at Rs 4,050 per 10 gm. So was gold .22 carat at Rs 3,745 per 10 gm. Prices of gold biscuit (116.50 gm.) remained unchanged at Rs 47,500 per piece. Demand was dull but eased supplies and steady overseas advices kept offerings at a low ebb. In the international market gold looked up modestly at $274.50 per ounce.

Castor futures recover

The Bombay oil,oilseeds ready markets were officially closed today due to sudden death of a leading trader who was a member of Bombay Oil Exchange.In the futures section on the other hand castorseed December delivery initially dropped from Rs 1,829 to Rs 1,805 on news of rain in the producing centres, but later on short covering by shippers lifted prices upward which towards close quoted at Rs 1,830 per quintal, according to floor sources. Maturing September delivery was absent from trading ahead of delivery period.

In Ahmedabad castorseed December delivery opened lower at Rs 1,861 but later on recovered to Rs 1,879 per quintal. In Gujarat castorseed spot delivery was quoted at Rs 435 per 20 kg. while castor oil placed at Rs 480 per 10 kg. Traders reported limited supplies of castorseed - 1000/1200 bags in the Gujarat region.

Tur, urad decline

Tur and urad price declined on the grains market. Elsewhere, a quietly steady trend prevailed.

On increased selling pressure Myanmar tur and urad price lost Rs 50 and Rs 25 a quintal respectively. Tur 1998 were placed at Rs 1900 and 1997 at Rs 1800. Urad were on offer at Rs 1121. Only white peas ready were better by Rs 25 at Rs 1151-1161 on restricted supply, coupled with improved buying inquiries. However, September/October shipments were static at Rs 975-980.Green peas USA at Rs 1600-1650 and Canadian at Rs 1050-1085 were steady. Australian gram found sellers at Rs 1300. Rajma Chitra deshi at Rs 3000, imported at Rs 2600-2700 and red rajma imported at Rs 1900 were dull.Wheat and rice ruled steady. Wheat milling were on offer at Rs 680-685. Rice Gujarat-17 ruled at Rs 1400-1500.

Sugar bearish

Bearish trend forged further ahead on the sugar market in the wake of persistant weak demand.

The price initially lost Rs 10 on selling pressure that increased due to slack offtake. However, the market rallied by Rs Rs 5 to 6 on emergence of Gujarat demand once again. Thus, M-30 ended at Rs 1448-1515 and S-30 at Rs 1425-1460 ex-godown. Ex-octroi checkpost, M-30 ended at Rs 1430-1440 and S-30 at Rs 1408-1420.

Tenders were virtually over. Delivery orders for S-30 were quoted at Rs 1370-1375 in Kolhapur line.

Pakistan sugar was static at Rs 1395 plus tax.

Cotton steady

Activity remained at a low ebb on the cotton market.

Barring, kala-ginned which presented a better stance at Rs 15,000 a candy spot on inquiries, a quietly steady trend prevailed. V-797 were placed at Rs 15,700-16,000, down by Rs 100.

Yarn quiet

A quiet tendency continued on the yarn market.

Viscose filament yarn bright cones first quality Century Rayon 150dn ruled at Rs 224, 120dn at Rs 245, 100dn at Rs 256 and 75dn at Rs 269 a kg. 120dn dull cones found sellers at Rs 253.

Nylon yarn Shreelon 20/1/0dn ruled at Rs 231 and 15/1/0dn at Rs 265. Gujnil 30/1/0dn and 111/24/0dn were placed at Rs 290 and at Rs 157 respectively.

Delhi

Besides Delhi, sale of mustard oil was banned in the eight states of Eastern India, consequently, mustard laha slumped by Rs 50 at Rs 1600-1750 a quintal due to weak demand from millers. As against this, mustard cakes expeller flared up by Rs 35-60 at Rs 525-610 a quintal as there was no inflow from the mills and mustard de-oiled cakes recorded a sharp spurt of Rs 200 at Rs 3500 a tonne.

Following favourable rains in Gujarat and Rajasthan, nominal rates of groundnut oil were quoted lower by Rs 100 at Rs 6100 a quintal. Arrival as well as demand in other edible oils remained poor.

Palmolein in Malaysia ruled easy. The government allowed import of oilseeds as also import of palmolien to the tune of 3 lakh tonnes as against 1.5 lakh tonnes, business in edible oils remained sluggish.