Silver .999 softened by Rs 50 at Rs 7,940 per kg. Silver .916 was down by Rs 60 at Rs 7,810 per kg in sympathy. Industrial buyers stayed away in the falling market while sustained supplies of raw silver from local sources followed by weak Delhi advices pulled down prices in the local market. In the overseas market silver remained steady at the reduced level of $4.93 per ounce.

Castorseed improves
Groundnut oil maintained on the oil,oilseeds market here today. Castorseed and its oil however shot up from the lower level on light covering by bears and shippers, dealers said.

Gropundnut was ruled quiet at Rs 410 per 10 kg amidst thin supplies as demand was at a low ebb. In Rajkot prices remained subdued at Rs 670/675 per 15 kg.

Imported palm oil placed Rs 2 up at Rs 224 per 10 kg following firm global prices. In the overseas market palm oil shot up by $5 at $317.50 per tonne for the nearby delivery and $320/325 for long delivery.

Castor oil recovered by Rs 2 at Rs 344/356 per 10 kg. Castorseed ready were up by Rs 10 at Rs 1,570 per quintal in sympathy.

In the future section castorseed September delivery jumped up from Rs 1,575 to Rs 1,560 before concluding the day at Rs 1,551 per quintal. Traders were awaiting a nod from Forward Market Commission to start trading in December delivery, floor sources said.

In the international castor oil future market August delivery was steady at Rs 361 per 10 kg. In Ahmedabad castorseed September delivery closed higher at Rs 1,565 and in Rajkot prices placed at Rs 1,533 per quintal. Arrivals of castorseed in Gujarat placed at 10000/12000 bags, according to dealers.

Grains quiet
In restricted deals due to the fag end of the month, a quietly steady condition continued on the grains market.

Green peas USA Rumba/ Heart were on offer at Rs 1,200 and Canadian at Rs 871 a quintal. White peas Canada found sellers at Rs 941. Moong Myanmar medium and superior were quoted at Rs 1,700-1,800 and at Rs 1,900-2,000 respectively. Thai moong were traded at Rs 1,700-1,800.

Kabuli gram A-2, Mexico ruled at Rs 3,700-3,750 and Canada/ USA at Rs 3,500-3,600. B-2, Australian were placed at Rs 3,100-3,200, Canadian at Rs 3,300 and Turkey/ Iran at Rs 2,900-3,000. C-2 ruled at Rs 2,200-2,600 and natural at Rs 2,800-2,900.

Wheat MP 147 were traded at Rs 900-1,000 and sarabati at Rs 900-1,300. Rice SLO ruled at Rs 1,000-1,150.

Cotton weak
A weak trend prevailed on the cotton market following slack demand from the mills. Trading was thin in short staples.

J-34 saw ginned good average were quoted at Rs 1,800-1,850, cart selected at Rs 1,900-2,000 and Bengal deshi at Rs 1,150-1,160.

In Gujarat cotton, V-797 ruled at Rs 13,500-13,900, Morabi wagad at Rs 13,200 and Sanker at Rs 18,000-20,500.

100-150 bales of Manawadar Sanker are reported to have changed hands at Rs 20,200-20,500.

Sugar subdued
A subdued trend prevailed on the sugar market following slack demand.Down by Rs 3 to 5, M-30 were placed at Rs 1,515-1,525 and S-30 at Rs 1,485-1,495 a quintal, ex-octroi checkpost.

Ex-godown, M-30 were on offer at Rs 1,530-1,575 and S-30 at Rs 1,500-1,535.In mill tenders, price eased by Rs 5 as M-30 were indicated at Rs 1,455-1,495 and S-30 at Rs 1,425-1,435 in Kolhapur line.

Copper wire bar up
Copper wire bar firmed up while copper scrap heavy and copper utensils scrap eased on the non-ferrous metal market here today.

Copper wire bar shot up by Rs 1.50 per kg to Rs 136.50 from Rs 135 on good demand from industries. However, copper scrap heavy and copper utensils scrap eased to Rs 122.50 and Rs 103 per kg respectively on lack of buying support.

Other metals ruled steady.
Polyesters down Polyesters lost fresh ground on the yarn market following very sluggish demand.

Slack condition on the grey fabrics market kept the capacity utilisation in Bhiwandi powerlooms low by over 40 per cent affecting the yarn offtake.

Grey first quality of medium sized units 80 dn roto lost Rs 2 at Rs 88-90 a kg. Weft eased by a rupee at Rs 84-86. 80 dn micro roto were static at Rs 98-100. 80/1,000 dn and 80/1,400 dn were mentioned at Rs 117-118 and at Rs 125 respectively.

150 dn weft were down from Rs 72-73 to Rs 70-71 and single roto from Rs 75-76 to Rs 72.

Delhi
Both the precious metals, at the Delhi bullion market suffered a mild loss on Monday on Hong Kong advices.Gold prices in Hong Kong ruled easy at $280 an ounce coupled with firm dollar in the forex, consequently, gold biscuit and standard mint gold slipped by Rs 10 at Rs 4500 and Rs 4510 per 10 gram, respectively. Silver in Hong Kong ruled easy at 492 cents an ounce and arrival of imported silver on Saturday was reported about 2000 kg, yet spot silver .999 fineness fell by Rs 30 at Rs 7760 a kg as higher inflow of imported silver is expected on Monday. Silver weekly delivery, on unloading by the bulls, fell by Rs 30 at Rs 7780 a kg.