Besides, 80dn rotoset has become costlier by Rs 6 at Rs 94, weft by Rs 5 at Rs 88 and 150dn weft by Rs 4 at Rs 74. The price of polyester staple fibre has been raised by Rs 4 at Rs 49. PTA price has also been hiked, it was gathered.

The market quotations have moved up in sympathy by Rs 6 since Friday with today's rise being of the order of Rs 4. Grey first quality of medium-sized units 80dn rotoset were quoted at Rs 87-88, micro rotoset at Rs 90-92, weft at Rs 84 and 150dn weft at Rs 68.

However, the grey fabrics price were ruling below cost and the cloth trade has entered a slack period. The weaving operations in Bhiwandi has also been down to around 50 per cent. These factors do not provide any reliable base for the high levels to rest upon. In fact,earlier also the prices had, after netting gains, failed to digest it as 80dn roto had come down from Rs 84-85 to Rs 81-82. The crude price in the international market has also started displaying hasitancy at high levels. Under the circumstances trade sources do not see the going smooth for the spinners.

Bullion eases

Gold and silver prices lost gain grounds on the bullion market here today. Standard gold slipped by Rs 30 to Rs 4,200 per 10 gm. Gold .22 carat was down by Rs 25 to Rs 3,885 per 10 gm. in sympathy. Prices of gold biscuit (116.50 gm.) crashed by Rs 400 to Rs 49,100 per piece. Seasonal buying was sluggish amidst onset of monsoon while continued overseas supplies coupled with sharp setback in the international market which prompted unloading by stockists and local bankers. Recovery in the dollar value against rupee failed to cheer up the market sentiment, dealers said. In the global market the yellow metal nosedived to $265.60 as against $270.35 per ounce earlier.

Silver .999 reactedby Rs 55 to Rs 7,645 per kg. In the ready section silver .916 was eased by Rs 40 to Rs 7,500 per kg. Industrial demand was thin while steady overseas arrivals and renewed slide in the global prices put fresh pressure on the local market. Delhi was weak and in the overseas market silver prices dropped from $4.94 to $4.89 per ounce. About 1000/1200 kg. of silver is reported to be arrived during the day in the city market against volume of trading of 125/150 kg.

G'nut oil further down

Groundnut oil suffered fresh setback on the oil,oilseeds market here today. Castorseed and its oil ruled weak in the ready delivery and prices hardened in the forward market.

Groundnut oil closed Rs 3 lower at Rs 380 per 10 kg. Poor buying interest coupled with steady summer crop supplies attributed to the setback. In Rajkot prices ruled easy at Rs 585/590 per 15 kg.

Imported palm oil placed Rs 4 lower at Rs 248 per 10 kg exclusive of tax on renewed arrivals. In the global market palm oil spot delivery finished lowerat Rs 425 per 15 kg. Castor oil fell by Rs 3.50 to Rs 377.50/389.50 per per 10 kg in absence of overseas buying interest. Castorseed ready was down by Rs 17.50 at Rs 1,731.50/1,737.50 per quintal in sympathy.

In the futures section castorseed September delivery bounced back by Rs 20 to Rs 1,779 per quintal on fresh bull buying in the wake of bullish upcountry advices. In the international castor oil future market, August delivery climbed by Rs 7 to Rs 379.50 and October delivery at Rs.385.50 per 10 kg.

In Ahmedabad castorseed September delivery was shot up by Rs.30 to Rs 1,780 and in Gujarat ready delivery ruled quiet at Rs 336 per 20 kg. Castor oil placed at Rs 365 per 10 kg and arrivals of castorseed in the Gujarat region placed around 40,000 bags, it was learnt.

Sugar slumps

Sugar price suffered a sharp setback on an allround bearish reports.Sugar price dropped down by Rs 15 to 20 a quintal following poor demand which would continue to be so in the coming months due to monsoon, coupled withdistinctly weak tender advices, more so from the southern region. Arrival of two ships carrying imported sugar at Kandla port was another contributory factor.

Price lost Rs 15 to 20 a quintal. M-30 were down to Rs 1450-1515 and S-30 to Rs 1430-1460 ex-godown. Ex-octroi checkpost, the price slid down to Rs 1435-1445 and to Rs 1410-1425 respectively.

In tenders, S-30 were indicated at Rs 1365-1375 as against the previous day realisation of Rs 1370-1380 and M-30 at Rs 1380-1390 as against Rs 1396-1410 in Kolhapur line.

Imported sugar white were on offer at Rs 1320 ex-Kandla exclusive of sales tax. Yellow Brazilian sugar ready were static at Rs 1240.

Grains steady

A quietly steady trend was in evidence on the grains market in the wake of lacklutre activity.

Green peas USA Rumba/Heart were on offer at Rs 1275 and Canadian at Rs 800-900 a quintal. White peas Canadian were traded at Rs 921-925. Australian gram were mentioned at Rs 1200. Moong Myanmar ruled at Rs 1550-1750 and Chinese at Rs1750-1800. Kabuli gram A-2 were on offer at Rs 3200-3300, B-2 at Rs 2800-2900, C-2 at Rs 1800-2000 and natural at Rs 2200-2300.

Wheat milling deshi ruled at Rs 695-700 while imported found sellers at Rs 620-625 ex-dock. Wheat MP 147 were traded at Rs 775-825 and Sarbati in the range of Rs 900-1400.

Rice Perimal Punjab were placed at Rs 900-1100 and superior at Rs 1200-1500. AP kattar and cultured kolams found offerings at Rs 1025-1051 and at Rs 1800-2300 respectively.

Gujarat cottons gain

A firm condition continued on the cotton market as the purchases have picked up in Gujarat cottons due to the season about to end.

V-797 gained Rs 200 a candy afresh at Rs 12,900-13,400 spot. Wagad were placed at Rs 12,400 and Kalan-ginned at Rs 11,900-12,000. Sanker ruled steady in the range of Rs 14,500-21,000.

Meanwhile, the Maharashtra federation has cut the price of old cotton by Rs 200 a candy. Federation has also increased the discout by Rs 200.