Standard gold slid by Rs 10 at Rs 4,040 per 10 gm. Gold .22 carat was down by Rs 5 at Rs 3,740 per 10 gm. Prices of gold biscuit (116.50 gm.) reacted by Rs 150 at Rs 47,350 per piece. Seasonal buyers stayed away at higher level while weak overseas advices prompted light profit-taking among stockists and local bankers here. In the global market gold moved down from $256.40 to $255.60 per ounce.

Meanwhile silver .999 dropped by Rs 60 at Rs 8,190 per kg. Silver .916 was down by same margin at Rs 8,050 per kg in sympathy. Industrial demand was dull at higher level. And continued arrivals of raw silver from local sources triggered profit-taking.

Weak Delhi and global advices also attributed to weak sentiment of the market. Traders reported arrivals of 400/450 kg of silver during the day. In the global market the white metal eased from $5.44 to $5.37 per ounce.

G'nut oil up

Groundnut oil recovered from the reduced level on the oil,oilseeds market here today. Castorseed and its oil on the other hand subdued at the improved level in the ready delivery section and prices ruled steady in the forward market.

Groundnut oil moved up by Rs 4 at Rs 356 per 10 kg. Poor supplies due to strike called by Transport operators mainly attributed to the upsurge. In Rajkot prices remained unchanged at Rs 585/590 per 15 kg.

Imported palm oil placed Rs 5 higher at Rs 198 per 10 kg. owing to higher global advices. In the overseas market palm oil advanced to $335 per tonne for the nearby delivery and to $340 for the long delivery, it was learnt.

Castor oil reacted by a rupee at Rs 382/394 per 10 kg on sluggish export demand. Castorseed ready placed Rs 5 lower at Rs 1,754/1,760 per quintal.

In the future section castorseed September delivery moved in a narrow range and closed steady at Rs 1,755 per quintal.

In Ahmedabad prices ruled quiet at Rs 1,735 per quintal. In Gujarat castorseed Spot delivery was subdued at Rs.340/342 per 20 kg while castor oil finished at Rs 370/372 per 10 kg.

In the international castor oil future market today there was no trading for August delivery. October delivery slipped by Rs 4 at Rs 398 while December delivery closed Rs 2 lower at Rs 357 per 10 kg.

Grains quiet

A very quiet condition prevailed on the grains market as the activity was hit by the transport strike.

Among imported pulses, tur Myanmar at Rs 1675-1800, urad Myanmar ready at Rs 1675 and afloat at Rs 1625-1650 a quintal shed Rs 25 on increased offerings. Green peas USA Rumba/Heart were placed at Rs 1250-1275 and Canadian at Rs 770-900. White peas Canadian continued to be on offer at Rs 901.

Rajma chitra deshi were quoted at Rs 2500 and Chinese at Rs 2250-2300. Red rajma Myanmar unpolished ruled at Rs 1750-1800 and polished at Rs 1850.

Wheat milling deshi and imported were placed unchanged at Rs 755 and at Rs 701 respectively. Rice Perimal average were placed at Rs 950-1100 and superior at Rs 1200-1500.

Cotton steady

A quietly steady condition prevailed on the cotton market.V-797 were placed at Rs 12,800-13,100, Wagad at Rs 12,200-12,300 and Kalan-ginned at Rs 11,700-11,800 a candy spot. Sanker ruled in the range of Rs 15,500-20,200.

December contract ended at 4760 and February at Rs 4755. No trading was reported in September contract.

Yarn lacklustre

In lacklustre trading prices ruled quietly steady on the yarn market.Meanwhile, Reliance Industries (RIL) has kept the prices unchanged for the present.

Polyester yarn grey first quality of medium-zied units 80dn roto at Rs 80, micro roto at Rs 90, weft at Rs 75-78, warp at Rs 80-82, 150dn weft at Rs 68, warp at Rs 76, single roto at Rs 69 and double roto at Rs 70 were unchanged.

Viscose filament yarn bright cones first quality 120dn Century Rayon ruled at Rs 206 and dull at Rs 212. Nylon yarn Gujnil 20/1/0dn and 30/1/0dn were on offer at Rs 202 and at Rs 300 respectively.

Sugar listless

A listless condition prevailed on the sugar market. Ex-octroi checkpsot, deals were halted in view of strike.

M-30 were placed at Rs 1440-1530 and S-30 at Rs 1425-1440 a quintal ex-godown. Ex-mill, in tenders, M-30 were indicated at Rs 1350-1370 and S-30 at Rs 1335-1350 in Kolhapur line.

Thai white sugar price improved by Rs 5 at Rs 1305, exclusive of sales tax ex-Kandla on better buying support.