The grey fabrics price have been steadily but cautiously moving up. This has resuted into the powerloom operations in Bhiwandi improving by over 5 per cent. The capacity utilisation at present is placed at 60 per cent.

As a result of this, the demand for polyester yarn has looked up boosting up the price of 80dn by Rs 4 to 5 a kg. Grey first quality of medium-sized units 80dn roto rose to Rs 103-104, micro roto to Rs 109-110, weft to Rs 99 and warp to Rs 109. 80/1000 moved up to Rs 135-140 and 80/1400dn to Rs 145-150.

In the case of 150dn, single roto met with active buying support and gained Rs 5 at Rs 87. Double roto netted gains of Rs 3 at Rs 86. 150dn weft at Rs 82 and warp at Rs 92 were up by Rs 2.

Meanwhile, RIL has jacked up the price of grey 80dn micro roto by Re 1 and of all others items of grey 80dn by Rs 2 a kg on Tuesday.

Silver spurts Both the precious metals staged a rally on the bullion market her today.

Standard gold placed Rs 50 up at Rs 4,660 per 10 gm. Gold .22 carat gained by Rs 45 at R 4,310 per 10 gm. in same fashion. Prices of gold biscuit (116.50 gm.) hardened by Rs 500 at Rs 54,600 per piece. Traders reported brisk physical enquiries for gold ahead of wedding season as tight overseas supplies in the wake of prevailing bullish trend kept offerings restricted during the day. In the global market the yellow metal rose from $296.95 to $298.75 per ouce.

Silver .999 jumped up by Rs 115 at Rs 8,145 per kg. Silver .916 was up by Rs 100 at Rs 8,000 per kg in sympathy. Brisk industrial and seasonal buying pushed silver prices upward as stockists remained reserved sellers following news of rally in the global and delhi markets. Traders reported about 300/400 kg of silver changed hands in the local market today. In the global market silver moved up from $5.18 to $5.27 per ounce.

Castor oil firm
Groundnut oil maintained at the reduced level on the oil,oilseeds market here today. Castorseed and its oil ruled firm in the ready delivery and trend was steady in the forward market.

Groundnut oil ruled steady at Rs 360 per 10 kg. Fresh supplies remained restricted while lower projections for kharif crop for groundnut kept offerings limited at the reduced level. In Rajkot prices placed at Rs 600/610 per 15 kg.

Imported palm oil slid by Rs 212 to Rs 209 per 10 kg following reports of comfortable supplies. In the global market palm oil fell by $5 at $372.50 per tonne for nearby delivery and at $375 for long delivery, it was learnt.Castor oil moved up by Rs 1.50 at Rs 368/380 per 10 kg on stray overseas support. Castorseed ready placed Rs 8 higher at Rs 1684/1690 per quintal.

In the future section, maturing December delivery was not traded today. Castorseed March delivery moved in a narrow band before concluding steady at Rs 1,704 per quintal on nominal activity, according to floor sources.In Ahmedabad February delivery closed at Rs 1690 and in Rajkot at Rs 1688 per quintal. Castorseed spot prices remained quiet at Rs 323/330 per 20 kg and castor oil changed hands at Rs 360/362 per 10 kg in Gujarat. Traders reported castorseed arrivals in Gujarat around 14000/15000 bags during the day.

Grains weak
A dull-to-weak condition continued on the grains market following lacklustre activity.

Milling wheat deshi price eased by Rs 5 a quintal at Rs 765-770. French goods remained static at Rs 625 ex-dock. Other wheat and rice ruled unchanged. Wheat North Gujarat Sonaklyan were placed at Rs 800-825 and Tukadi at Rs 830-840. Rice Perimal new ruled at Rs 950-975 and superior at Rs 1200-1300.

Among pulses, barring improvement in kabuli gram and green peas, prices remained under pressure. Tur Myanmar lost further Rs 50 at Rs 1400 on relentless offerings in the wake of competition from the good new domestic crop. Moong Myanmar were static at Rs 1525-1700 but Chinese were down by Rs 75 to 100 at Rs 1700-1800. Australian gram shed Rs 50 at Rs 1300-1350.

Rajama Chitra deshi slumped further from Rs 1800 to Rs 1600-1650. Red rajma were in restricted supply.

Kabuli gram were up by Rs 100 on tight supply. A-2 Mexican were in demand at Rs 4300-4400, USA at Rs 3700 and Turkish at Rs 3600. B-2 were placed at Rs 3050, C-2 in the range of Rs 2300-2700 and natural at Rs 2800. Green peas USA at Rs 1400 and Canadian at Rs 1050 were up by Rs 50 on tight supply. White peas Canadian were static at Rs 875 while French shed Rs 20 at Rs 841.

Cotton steady
A barely steady condition prevailed on the cotton market as the arrivals in Punjab zone were on the lower side due to holiday on Tuesday.

Arrivals in punjab zone were comprised of 1500 bales of Bengal Deshi and 8000 bales of J-34. Bengal Deshi roller-ginned Punjab ruled at Rs 1040-1100, Haryana at Rs 1065-1075 and Rajasthan at Rs 1080-1110 a maund spot. J-34 saw-ginned good average Punjab and Haryana were on offer at Rs 1425-1475 and at Rs 1385-1445 respectively while Rajasthan ruled at Rs 1365-1395. Cart selected Punjab found sellers at Rs 1570-1595, Haryana at Rs 1450-1475 and Rajasthan at Rs 1440. J-34 roller-ginned good average Punjab were quoted at Rs 1400-1425, Haryana at Rs 1325-1350 and Rajasthan at Rs 1325-1345.

Select lots of Kutch Sanker fetched Rs 19,000 a candy. Elsewhere, prices of Gujarat cotton ruled unchanged.

Future ended narrowly mixed. December finished at Rs 4030, February at Rs 4055 and April at Rs 4043 a quintal. New York December lost 0.62 cents at 49.45. March at 51.53, May at 52.60 and July at 53.75 were down by 0.33 to 0.39.

Meanwhile, around 3.5 lakh bales have reportedly been procured by the Maharashtra federation in the current season so far.

Sugar bearish
Bearish trend gathered momentum on the sugar market as the demand continued to be poor which induced selling pressure.

Losing Rs 10 a quintal M-30 were on offer at Rs 1412-1422 and S-30 at Rs 1390-1400 ex-octroi checkpost. Ex-godown, M-30 at Rs 1435-1505 and S-30 at Rs 1415-1435 turned cheaper by Rs 5.

In tenders, the price was placed lower by Rs 10. M-30 were indicated at Rs 1355-1375 and S-30 at Rs 1337-1350 in Kolhapur line.