Castorseed September contract opened weak at Rs 1518 and after moving in a range of Rs 1524 and Rs 1504, ended at Rs 1508, showing a sharp fall of Rs 14 over the last close of Rs 1522. December contract, however resumed steady, but later, nosedived to a low of Rs 1398 and closed at Rs 1405, showing a big loss of Rs 15 over the previous close of Rs 1420.

In castor oil international contract, October delivery held steady at Rs 358.Castor oil commercial fell sharply by Rs 4 to close at Rs 347 from yesterday's close of Rs 351, while castorseed bold Madras dropped to Rs 1585 from Rs 1595.

Imported palm oil dipped further by $2.50 at $295 per tonne for the nearby delivery while long deliveries were quoted lower at $300/305 per tonne. Despite lower overseas advices, palm oil prices in the domestic market remained firm following fresh rally in dollar value against rupee, according to an importer. Groundnut oil remained steady at Rs 400.

Bullion gains
Prices continued to rise sharply on the bullion market here today due to increased festive buying coupled with reduced supply and both gold and silver closed with smart gains.

Fresh rally in dollar value against rupee and news of recovery in the global prices kept offerings limited for both the precious metals. However, traders reported brisk physical demand for gold and silver ahead of festival season. Recovery in the global prices and upsurge in dollar value has pushed import cost of precious metals higher, dealers said.

In the global market gold looked up from $272.50 to $273.85 while silver went up from $4.87 to $4.91 per ounce respectively.

Standard gold rose further smartly by Rs 10 and closed at Rs 4510 from the last close of Rs 4500. 22-carat gold was nominally quoted higher at Rs 4170 from Rs 4160. Ten-tola gold bar (.999 purity) rallied by Rs 150 to Rs 52,750 from Rs 52,600.

Ready silver (.999 fineness) improved by Rs 20 to end at Rs 8050 from the previous day's close of Rs 8030. Raw silver (.916 fineness) hardened by Rs 25 to Rs 7915 from the last close of Rs 7890 and tenderable silver rose to Rs 8055 from Rs 8035.

Yarn listless
In listless trading, prices hovered around the previous levels on the yarn market.Polyester yarn grey first quality of medium sized units 80 dn roto ruled at Rs 88-90 and micro roto at Rs 94-98 a kg. Weft were placed at Rs 84-86.

150 dn weft ruled at Rs 69-70 and single roto at Rs 72.Viscose filament yarn 120 dn bright cones first quality were placed at Rs 205 and dull at Rs 206.

Nylon yarn 15/1/0 dn Shreelon ruled at Rs 300 and Gujnil 20/1/0 dn at Rs 295.

Sugar static
Prices held the previous day's levels on the sugar market.M-30 were quoted at Rs 1,547-1,578 and S-30 at Rs 1,518-1,545 ex-godown. Ex-octroi checkpost, the price were Rs 1,525-1,535 and Rs 1,500-1,515 respectively.Ex-mill delivery orders for M-30 were placed at Rs 1,475-1,480 and for S-30 at Rs 1,450-1,460 in Kolhapur line.

Grains steady
Prices ruled steady but there was caution in offerings in imported pulses following fresh weakness of rupee against dollar.Urad Myanmar ready were placed at Rs 2,350 a quintal. Tur Myanmar old and new were on offer at Rs 1,300-1,325 and at Rs 1,450-1,475 respectively. Malawi tur ruled at Rs 1,350-1,400, Kenya at Rs 1,525 and Tanzania at Rs 1,550-1,600.

Kabuli gram
A-2 Mexico at Rs 4,000, Canada/ USA at Rs 3,700-3,800, B-2 Canada at Rs 3,400-3,500, Australia at Rs 3,200-3,300 and Turkey/ Iran at Rs 3,000-3,200 were maintained.

Moong Myanmar medium were on offer at Rs 1,675-1,750 and superior at Rs 1,800-1,900. Thailand moong were quoted at Rs 1,600-1,675.Wheat and rice ruled unchanged.

Tin dips
Tin declined sharply in a mixed non-ferrous metal market here today. Tin slipped due to lack of industrial demand. Nickel, zinc and aluminium ingots also eased marginally due to poor offtake. However, copper, brass and aluminium utensils scrap moved up on stray buying support.Tin fell by Rs 9 per kg to Rs 368 from Rs 377. Nickel eased to Rs 514 per kg, zinc to Rs 89 and aluminium ingots to Rs 92.50 per kg.

However, copper scrap heavy edged up to Rs 122 per kg, followed by copper utensils scrap to Rs 103.50, brass utensils scrap to Rs 91.50, brass sheets cutting to Rs. 101.25 and aluminium utensils scrap to Rs. 73.50 per kg.Cotton unchanged
A steady trend was in evidence on the cotton market. Mill demand was restricted.V-797 price ruled at Rs 13,700-14,000, Morabi wagad at Rs 13,300-13,400 and Kalan ginned at Rs 12,700-12,800 spot. Sanker medium at Rs 18,000-19,000 and superior at Rs 19,500-20,500 ruled steady.

In Punjab zone, ready J-34 saw ginned good average at Rs 1,870-1,890 and cart selected at Rs 1,940-2,000 ruled more or less steady. Bengal deshi roller ginned Punjab were quoted at Rs 1,070-1,110.

New crop October delivery J-34 saw ginned good average Haryana ruled at Rs 1,730-1,740, while Rajasthan at Rs 1,700-1,710. Bengal deshi roller ginned ruled at Rs 1,110-1,125 and at Rs 1,100-1,110 respectively. MP Sandhva LRA new were placed at Rs 19,300-19,500 and Bijapur at Rs 20,500-20,700 a candy.