Sustained buying support from the Gujarat federation even at a price higher upto Rs 2000 a candy than the market price, coupled with mill demand caused a fresh rise of Rs 100 a candy in the quotation of V-797 which went up to Rs 12,500-12,800 spot. Wagad were placed at Rs 12,100-12,200 and Kalan-ginned at Rs 11,600-11,700. The Gujarat federation is understood to have sold over 15,000 bales to the mills at Rs 12,800-12,850.

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.

Punjab cottons also presented a firm stance on reserved selling as the unsold stock in the Punjab/Haryana/Rajasthan variety was estimated at only around 1.25 lakh bales of J-34 and around 75,000 bales of Bengal deshi. The same was placed at a total of 2.5 to 3 lakh bales in lower Rajasthan. The pressing was likely to touch 19.81 lakh bales, averredtrade sources. Bengal deshi roller-ginned rose to Rs 1400-1575, J-34 saw-ginned good average to Rs 1775-1780 and cart selected to Rs 1850-2030 a maund.

In futures, trading continued to lacklustre. June at Rs 4880 and September at Rs 4900 a quintal gained 8 points each. There was no business in December contract.

Yarn quiet

A quiet tendency continued on the yarn market following demand remaining poor.

Buying inquiries for yarn was further hit due to the operations in Bhiwandi powerlooms having been affected on account of stormy weather conditions two days ago. The grey fabrics also continued to be sold at 50 to 75 paise a metre below cost and there was no respite from the financial tightness.

The price of polyester texturised yarn grey first of medium-sized units 80dn roto at Rs 87-88, micro roto at Rs 92, weft at Rs 81-83 and warp at Rs 85-88 a kg were quiet.

150dn weft at Rs 66-67, warp at Rs 74-75, single roto at Rs 67-68 and double roto at Rs 68-69 were also shaky at the earlier improvedlevel.

Grains lacklustre

In dull trading prices hovered around the previous day's levels on the grains market.

Green peas Rumba/Heart USA were on offer at Rs 1300 and Canadian at Rs 825-950 a quintal. White peas Canadian were traded at Rs 925. Tur Myanmar were on offer at Rs 1950-1975. Urad Myanmar were placed at Rs 1725-1750.

Moong Myanmar and Chinese were mentioned at Rs 1600-1800 and at Rs 1750-1800 respectively.

Wheat MP 147 were traded at Rs 750-850 and Sarbati in the range of Rs 900-1400. Rice Perimal Punjab ruled at Rs 900-1100 and superior at Rs 1200-1500. AP Kattar were on offer at Rs 1100-1150 while cultured kolams met with support at Rs 2000-2400.

Gold ends lower

Gold prices suffered fresh losses on the bullion market here today. Silver, however moved in a narrow band and closed on a mixed note.

Standard gold eased by Rs 15 to Rs 4,285 per 10 gm. Gold .22 carat was down by same margin at Rs 3,965 per 10 gm. Prices of gold biscuit (116.50 gm.) dropped by Rs 200 to Rs50,300 per piece. Seasonal buying for gold was at a low ebb as weak global advices and continued supplies prompted fresh unloading by stockists and local bankers. Subdued trend in dollar value also weakened the sentiment of the market. In the overseas market the yellow metal slid from $275.90 to $275.05 per ounce.

Silver .999 closed Rs 5 higher at Rs 8,230 per kg. Silver .916 fell by Rs 15 to Rs 8,360 per kg on continued arrivals of raw silver from local sources. In the global market the white metal ruled quiet at $5.37 per ounce.

G'nut oil reacts

Groundnut oil reacted on the oil,oilseeds market here today. Castorseed and its oil ruled firm on stray overseas enquiries which prompted light covering by bears and shippers.

Groundnut oil eased by Rs 3 to Rs 395 per 10 kg as weak Saurashtra advices and brisk summer crop arrivals prompted light profit-taking. In Rajkot prices quoted below Rs 600-level at Rs 596/597 per 15 kg.

Imported palm oil moved down by Rs 4 to Rs 258 per 10 kg. In theinternational market palm oil finished lower at $475 per tonne for nearby delivery and $455/465 per tonne for long deliveries, it was learnt.

Castor oil edged up by Rs 2 to Rs 358/372 per 10 kg on stray covering by shippers. Castorseed ready was up by Rs 9 to Rs 1,616/1,622 per quintal in sympathy.

In the futures section castorseed June delivery went up from Rs 1,675 to Rs 1,686 per quintal. Trading in September delivery was not taken place today.In the internaetional castor oil future market, August and October delivery moved up by Rs 2 to Rs 366 and Rs 372 per 10 kg respectively.

In Ahmedabad castorseed June delivery quoted firm from Rs 1564.50 to Rs 1,574 per quintal. In Gujarat prices of castorseed spot delivery rose to Rs 309/310 per 20 kg while castor oil placed at Rs 340/341 per 10 kg.

Sugar unchanged

A quietly steady condition prevailed on the sugar market.

M-30 ruled at Rs 1490-1530 and S-30 at Rs 1460-1500 a quintal ex-godown. Ex-octroi checkpost, the price ruled at Rs 1465-1475and at Rs 1445-1455 respectively.

In tenders, M-30 were indicated at Rs 1415-1425 and S-30 at Rs 1395-1405 in Kolhapur line.

Brazilian biscuit colour sugar were static at Rs 1240 plus sales tax. White was out of stock.