In Punjab zone, Bengal Deshi lost Rs 30 to 40 a maund. Roller-ginned Punjab were down to Rs 1000-1070, Haryana to Rs 1025-1030 and Rajasthan to Rs 1055-1070 spot.

J-34 saw-ginned good average Punjab at Rs 1380-1460 and Haryana at Rs 1330-1380 were down by Rs 30 to 40 while Rajasthan crashed by Rs 45 to 50 at Rs 1300-1325. Cart selected Punjab at Rs 1520-1550 eased by Rs 30 while haryana lost Rs 40 to 45 at Rs 1390-1440. Rajasthan slumped by Rs 55 at Rs 1375.

J-34 roller-ginned good average Punjab shed Rs 10 at Rs 1380-1400. Haryana at Rs 1300-1310 and Rajasthan at Rs 1280-1300 fell by Rs 30 to 35.V-797 at Rs 12,000-12,300 shed Rs 100 a candy afresh.

Furtures crashed by 90 to 95 points on heavy bear perssure. December was closed at Rs 3933, February and April both at Rs 3925 a quintal.

Sugar subdued
A dull-to-subdued condition prevailed in sugar as the market had no respite from sluggishofftake.

S-30 price eased by Rs 5 a quintal while M-30 ruled static.

M-30 ruled at Rs 1420-1478 and S-30 at Rs 1385-1425 ex-godown. Ex-octroi checkpost, the price ruled at Rs 1395-1405 and at Rs 1375-1395 respectively.Delivery orders for M-30 were indicated at Rs 1340-1350 and for S-30 at Rs 1320-1330 in Kolhapur line.

Tur further down
A weak condition continued in tur and rajma on the grains market. Elsehwere, a quietly steady condition, generally, prevailed as activity remained at a low ebb.

Relentless offerings pulled down further the price of rajma chitra deshi by Rs 150 a quintal at Rs 1500, of red rajma imported by Rs 50 at Rs 1600 and tur Myanmar by Rs 50 at Rs 1350-1400. Urad Maynmar also slid down from Rs 1950 to Rs 1875.

Green peas Rumba/Heart at Rs 1400 and Canadian at Rs 1050 were steady.Kabuli gram Mexican at Rs 4400 and USA at Rs 3800-4000 gained Rs 100 afresh on tight supply. Turkish ruled steady at Rs 3600. B-2 at Rs 3000-3025, C-2 in the range of Rs 2300-2500 and naturalat Rs 2800 held steady.

Wheat and rice ruled unchanged. Wheat milling deshi were placed at Rs 768-770 and French ex-dock at Rs 625.

Yarn steady
A quietly steady condition was in evidence in viscose filament yarn and nylons on the yarn market.

Viscose filament yarn bright cones first quality Century Rayon 150dn ruled at Rs 196, 120dn at Rs 205, 100dn at Rs 220 and 75dn at Rs 252 a kg.

Nylon Yarn Gujnil 20/1/0dn were placed at Rs 250 and 30/1/0dn at Rs 310. 111/24/0n ruled at Rs 155. Shreelon 15/1/0 dn were placed at Rs 270.

Gold falls sharply
Gold prices nosedived on the bullion market here today on the back of sharp fall in the international prices as Bank of England had carried out auction of 25 tonnes of gold from its reserve, dealers said. Silver however moved in a narrow range and closed on firm note.

Standard gold declined by Rs 50 at Rs 4,610 per 10 gm. Gold .22 carat was down by Rs 45 at Rs 4,265 per 10 gm. Prices of gold biscuit (116.50 gm.) slipped by Rs 400 at Rs54,100 per piece.

Physical and speculative demand for gold was sluggish following news of setback in the global market prompted heavy unloading by stockists and local bankers, dealers said. In the international market gold softened from $298.25 to $291.50/292 per ounce on the back of auction of 25 tonnes of gold by Bank of England which was absorbed at the price of $293.50 per ounce. Actually the auction was over-subscribed by 2.10% but traders were anticipating more bids for the said auction and prices turned weak in the international market.

Meanwhile silver .999 looked up by Rs 10 at Rs 8,130 per kg. on renewed industrial buying. Silver .916 was quiet at Rs 8,000 per kg on nominal activity. In the global market the white metal remained unchanged at $5.20/5.21 per ounce.

Oils static
Groundnut oil maintained on the oil,oilseeds market here today. Castorseed and its oil remained steady in the ready delivery and prices recovered on short covering in the forward market.

Groundnut oil closedsteady at Rs 360 per 10 kg amidst low buying interest but tight supplies kept offerings restricted during the day. In Rajkot prices ruled static at Rs 605 per 15 kg it was learnt Imported palm oil held at Rs 207 per 10 kg on nominal transaction. Malaysian market remained closed today for local election, it was gathered.

Castor oil was quiet at Rs 372/384 per 10 kg so was castorseed ready at Rs 1704/1710 per quintal amidst nominal trading.

In the future section castorseed March delivery initially slid from Rs 1729 to Rs 1726 but later on bull buying and short covering lifted prices upward to Rs 1737 towards close of the session, floor sources said. Maturing December delivery was untraded. In Ahmedabad February delivery settled firm at Rs 1713.50 and in Rajkot at Rs 1714.50 per quintal. Fresh arrivals of 20000/25000 bags of castorseed were reported in Gujarat.