Groundnut oil moved up from Rs 405 to Rs 410 per 10 kg. mainly on account of tight supplies as speculators remained active buyers following news of slow progress of rain in the producing centers. Physical buying was at a low ebb. In Rajkot groundnut oil placed unchanged at Rs 640/645 per 15 kg owing to fear that government may take action after recent rally in the prices, it was learnt.

Imported palm oil rose by Rs 5 at Rs 230 per 10 kg on tight supplies from global market coupled with upsurge in the global prices. Palm oil prices in the international market was firm at $320 per tonne for nearby delivery and at $325/330 per tonne for the long deliveries, it was learnt.

Castor oil moved up by Rs 4 at Rs 376/388 per 10 kg on brisk covering by shippers. Castorseed ready shotup by Rs 20 at Rs 1,730 per quintal in sympathy.

In the future section castorseed September delivery opened higher from Rs 1,759 to Rs 1,775 but later on dropped to Rs 1,756 before settling at Rs 1,766 per quintal, floor sources said. In the international castor oil future market, August delivery placed Rs 5 higher at Rs 388 per 10 kg. In Ahmedabad castorseed September delivery closed firm at Rs 1,769 and in Rajkot at Rs 1,775 per quintal. Arrivals of castorseed in the Gujarat region were placed at 20000 bags.

Silver moves up
Gold prices remained steady while silver moved in a narrow range and closed on a mixed note on the bullion market here today.

Standard gold was quiet at Rs 4,560 per 10 gm. so was gold .22 carat at Rs 4,220 per 10 gm. Prices of gold biscuit (116.50 gm.) held at Rs 53,400 per piece. Physical demand was low following weak overseas advices, but tight supplies kept offerings limited. Undercurrent was subdued amidst thin volume of trading coupled with weak dollar value againstrupee. In the global market gold slid from $288.50 to $287.95 per ounce.

Meanwhile silver .999 closed steady at Rs 8,025 per kg. Silver .916 was placed Rs 20 higher at Rs 7,910 per kg. Tight supplies of raw silver from local sources attributed to the recovery, dealers said. In the global market silver slid from $5.06 to $5.04 per ounce.

Yarn steady
A quietly steady trend continued on the yarn market.

Demand in polyester yarn remained slack following weak trend in fabrics and tight liquidity situation. Bhiwandi powerlooms remained closed to the extent of about the half of the capacity.

Polyester yarn grey first quality of medium sized units 80dn roto ruled at Rs 90-91 and weft at Rs 82-83 a kg. 80dn micro roto were on offer at Rs 92-96, 80/1,000dn at Rs 115-117 and 80/1,400dn at Rs 120-125.

150dn weft and single roto were traded at Rs 69 and at Rs 71 respectively.

Sugar improves
A steady to slightly better trend was noticed on the sugar market.Although the demand had lostearlier pace, tight supply helped the prices in most of the cases to look up by Rs 5 a quintal.

M-30 ruled at Rs 1,470-1,565 and S-30 at Rs 1,455-1,478 ex-godown. Ex-octroi checkpost, the price ruled at Rs 1,475-1,485 and at Rs 1450-1470 respectively. In tenders, M-30 were indicated at Rs 1,420-1,450 and S-30 at Rs 1,390-1,405 in Kolhapur line.

Grains lacklustre
A dull condition was noticed on the grains market following lacklustre trading.

Wheat milling were placed at Rs 715-725, Maharashtra Lokvan at Rs 775-825 and SRT/ HD at Rs 875-950 a quintal. Rice Perimal Punjab medium and superior were traded at Rs 1,000-1,200 and at Rs 1,250-1,300 respectively.

Among pulses, Kabuli gram A-2 Mexican were qouted at Rs 3,800-3,900 and USA at Rs 3,500. Moong Myanmar average were traded at Rs 1,675-1,750 while superior fetched Rs 1,950-2,150. Rajma chitra deshi ruled at Rs 1,850-1,875, Chinese new at Rs 1,750-1,850 and old at Rs 1,600-1,650. Red rajma Myanmar new were placed at Rs 1,300-1,400 and old atRs 1,275-1,300.

Cotton static
A quietly steady trend prevailed on the cotton market. Both the demand and the offerings were restricted.

Punjab J-34 saw ginned good average were mentioned at Rs 1,800-1,880 and Cart selected at Rs 1,900-1,960. Bengal deshi held the previous level of Rs 1,220-1,260 a maund.

V-797 ruled at Rs 13,600-14,100, Morabi wagad at Rs 13,400 and Sanker at Rs 18,000-21,000 a candy spot.

Delhi
Both the precious metals, at the Delhi bullion market showed narrow movements on Monday.

Though arrival of imported silver on Saturday moved up from 2000 kg to 5000 kg, yet spot silver .999 fineness improved from Rs 7855 to Rs 7862 a kg and silver weekly delivery was up by Rs 4 at Rs 7872 a kg.

Though gold in Hong Kong improved by $1.50 to $190 an ounce, yet gold biscuit and standard mint gold remained unchanged at Rs 4590 and Rs 4600 per 10 gram, respectively due to sluggish demand from local as well as upcountry jewellers due to rainy weather conditions.

Zeerarises
On emergence of strong demand from pickel manufacturers, zeera, bold soanf, kalaunji and methi prices recorded a sharp rise of Rs 100 to Rs 500 a quintal and poppyseed of Turkey edged up by Rs 5 at Rs 70 a kg due to poor import.