Groundnut oil finished a rupee up at Rs 398 per 10 kg on eased summer crop supplies but demand was dull. In Rajkot prices closed steady at Rs 604/605 per 15 kg.

Imported palm oil eased by Rs 2 to Rs 262 per 10 kg on steady arrivals coupled with weak global advices. Palm oil in the global market was quoted lower at $482.50 per tonne for nearby delivery and $460/472.50 per tonne for long delivery, it was learnt.

Castor oil was down by Rs 4 to Rs 356/370 per 10 kg on thin overseas buying. Castorseed ready fell by Rs 19 to Rs 1607/1613 per quintal on news of higher supplies in Gujarat.

In the castor oil international contract, August and October delivery reacted by Rs 2 to Rs 364 and Rs 370 per 10 kg respectively. Castorseed June delivery on the other hand shot up from Rs 1,649 to Rs 1,675 per quintal on hectic covering bybears following delay in the beginning of new contract in the producing centres, according to floor sources. September delivery finished Rs 15 up at Rs 1,715 per quintal.

In Ahmedabad June delivery placed firm at Rs 1564.50 and in Rajkot at Rs 1567.50 per quintal. Castorseed ready delivery in Gujarat was subdued at Rs 305 per 20 kg. Castor oil was placed at Rs 338 per 10 kg. Daily arrivals of castorseed in the Gujarat region picked up to 55000/60000 bags, it was learnt.

Bullion divergent

Gold and silver prices moved in opposite direction on the bullion market here today. Gold prices recovered while silver suffered fresh setback on weak global advices.

Standard gold looked up by Rs 10 to Rs 4,300 per 10 gm. Gold .22 carat moved up by same margin at Rs 3,980 per 10 gm. in sympathy. Fresh seasonal buying influenced the upward trend while thin overseas supplies kept offerings limited. Prices of gold biscuit (116.50 gm.) finished static at Rs 50,500 per piece. In the global market gold ruled steadyat $275.90/276 per ounce.

Silver .999 softened by Rs 15 to Rs 8,225 per kg. In the ready section silver .916 slipped by Rs 30 to Rs 8,075 per kg. Industrial demand for silver was at a low ebb as steady overseas supplies and weak global advices put fresh pressure on the prices. Delhi was weak and in the overseas market the white metal eased by 2 cents to $5.37 per ounce.

In the city market today's volume of trading in silver was 340/350 kg. But the sentiment of the market was weak at the close of the session.

Sugar easy

Sugar price suffered a small setback on sluggish demand.

Losing Rs 5 a quintal M-30 were down to Rs 1465-1475 and S-30 to Rs 1445-1455 ex-octroi checkpost. Ex-godown, the price ruled at Rs 1490-1532 and at Rs 1470-1500 respectively.

In tenders also with similar drop M-30 were indicated at Rs 1415-1425 and S-30 at Rs 1395-1410 in Kolhapur line.

Brazilian white sugar was out of stock while biscuit colour shed Rs 5 at Rs 1240 plus sales tax.

Milling Wheatimproves

Milling wheat price ruled better on the grains market. Elsewhere, a quietly steady condition was in evidence.

Milling wheat price was edged up by Rs 5 a quintal on reduced inflow. Deshi were placed at Rs 665-670. Imported goods were quoted at Rs 605-615 ex-dock.

Wheat MP 147 were traded at Rs 750-850 and Sarbati in the range of Rs 900-1400. Rice Gujarat-17 were on offer at Rs 1800-2100.

Pulses ruled static with an easy undercurrent. Kabuli gram A-2 were on offer at Rs 3300-3400, B-2 at Rs 2900. C-2 were on offer at Rs 2300-2500 and natural at Rs 2500-2600. Tur Myanmar were quoted at Rs 1950-1975. Urad Myanmar found sellers at Rs 1725-1750. White peas Canadian were transacted at Rs 925. Moong Myanmar ruled at Rs 1600-1800 and Chinese at Rs 1750-1800.Rajma chitra deshi were traded at Rs 3200-3300 and Chinese at Rs 3000-3100. Red rajma Myanmar found sellers at Rs 2100-2150.

Gujarat cottons bullish

Bullish trend forged further ahead in the short and medium strains of Gujarat onthe cotton market. Other items ruled steady.

Buying from Gujarat federation and also some other demand pushed up the price of V-797 by Rs 100 a candy afresh at Rs 12,400-12,700 spot. Wagad were placed at Rs 11,800-11,900 and Kalan-ginned at Rs 11,300. Sanker average at Rs 14,000-15,000, medium at Rs 17,500-19,000 and superior at Rs 19,500-21,000 were maintained steady.

In Punjab zone, the season having ended, the price of stocked goods held steady at the earlier high levels on reserved selling. Bengal deshi roller-ginned ruled in the range of Rs 1280-1450 a maund spot. J-34 saw-ginned good average were placed at Rs 1650-1800 while cart selected Punjab goods were quoted at Rs 1850-2000.

In futures, a quiet trend continued. June and September cotracts ruled at Rs 4872 and at Rs 4892 a quintal respectively throughout the session. The trading has commenced in the new December contract today but no deals were reported.

Yarn unchanged

In thin deals prices of most of the principal items ruledquietly steady on the yarn market.

Nylon yarn 15/1/0dn Shreelon were placed at Rs 240 a kg. Gujnil 20/1/0dn ruled at Rs 210, 30/1/0dn at Rs 310 and 111/26/0dn at Rs 160.

Delhi:

Zeera and soanf prices, at the local market, slided down by Rs 100-200 a quintal on weak Unjha advices and on stockists selling, poppyseeds ruled easy at Rs 90-107 a kg. Mace and Nutmeg of Cochin improved by Rs 10 a kg due to restricted supply at lower rates.

Ajwain Shivpuri, Vikarabad and Nandurbar recorded a sharp rise of Rs 200-300 at Rs 4200-6300 a quintal on hectic buying by the stockists.