Standard gold fell by Rs 20 at Rs 4,520 per 10 gm. Gold .22 carat was down by same margin at Rs 4,180 per 10 gm. in sympathy. Prices of gold biscuit (116.50 gm.) fell by Rs 300 at Rs 52,800 per piece. Seasonal buyers kept sidelined in the falling market while continued local supplies, slide in dollar value against rupee and weak overseas advices prompted fresh round of selling in the city market. In the global market gold closed lower from $276.40 to $275.75 per ounce.

Meanwhile silver .999 closed Rs 10 higher at Rs 8,115 per kg. on stray festival buying. Shortage of ready stock coupled with negligible inflow attributed to recovery, according to dealers. Silver .916 however remained unchanged at Rs 7,980 per kg, on nominal trading activity. In the global market silver was quiet at $4.95 per ounce.

G'nut oil improves
Groundnut oil recovered modestly on the oil,oilseeds market here today. Castorseed and its oil ruled weak in the ready delivery while prices hardened in the forward market on brisk short covering by bears and shippers, dealers said.

Groundnut oil edged up by Rs 2 at Rs 382 per 10 kg on stray seasonal buying while supplies remained sluggish. In Rajkot prices were subdued at Rs 645 per 15 kg.

Imported palm oil closed steady at Rs 223 per 10 kg but the undercurrent was weak on expected higher inflow at Indian ports coupled with weak overseas advices. In the global market palm oil placed lower at $295 per tonne for nearby delivery and at $300/305 per tonne for long deliveries.

Castor oil eased by Rs.2 at Rs 318/330 per 10 kg on low overseas buying. Castorseed ready were down by Rs 10 at Rs 1,440 per quintal following higher new crop supplies. In the future section on the other hand castorseed December delivery opened lower at Rs.1,316 (Rs.1,327) but later on hardened to Rs 1,343 per quintal on brisk short covering.

In the international castor oil future market, October delivery looked by a rupee to Rs 327 per 10 kg. August delivery however remained absent for trading. In the RBD palmolien future market, October delivery opened higher at Rs 223 per 10 kg. but closed lower at Rs 221.50 per 10 kg. November delivery ruled steady at Rs 223.50 per 10 kg. December delivery however was untraded.

In Ahmedabad castorseed December delivery placed firm at Rs 1,360 and in Rajkot at Rs 1,346 per quintal respectively. Traders reported castorseed arrivals at 4000/5000 bags in Gujarat.

Yarn unchanged
In moderate buying support prices ruled unchanged on the yarn market. However, with the prices having gone out of parity with the fabrics price, the trade is wary of the prevailing high levels of polyester yarn.

Nylon yarn 15/1/0 dn Shreelon were on offer at Rs 300 and Modipon at Rs 297 a kg. Gujnil 20/1/0 dn were placed at Rs 295, 30/1/0 dn at Rs 320, 111/24/0 dn at Rs 164 and 20 dn twinkle at Rs 280.

Viscose filament yarn bright cones first quality Century Rayon 150 dn ruled at Rs 190, 120 dn at Rs 200, 100 dn at Rs 206 and 75 dn at Rs 250. 120 dn dull cones were traded at Rs 207.

Polyester yarn grey first quality of medium sized units 80 dn roto ruled at Rs 93-95, weft at Rs 79-80 and single roto at Rs 81-82.

Grains steady
A quietly steady condition was in evidence on the grains market.

Wheat MP 147 were quoted at Rs 900-1,000 and Sarabati at Rs 900-1,200 a quintal.

Rice SLO were on offer at Rs 950-1,200 and Gujarat-17 at Rs 1,200-1,500.Among pulses, Kabuli gram, A-2, Mexico at Rs 4,000-4,025, Canada/ USA at Rs 3,700-3,800, B-2 Canada at Rs 3,600, Australian at Rs 3,400-3,500, C-2 at Rs 2,200-2,700 and natural at Rs 2,800-3,200 held steady. Iranian and Turkish Kabuli were traded at Rs 3,500-3,800 and at Rs 3,500-3,600 respectively.Rajma chitra deshi were on offer at Rs 1,800, Chinese new at Rs 1,650-1,700 and old at Rs 1,400-1,450. Red rajma Myanmar new and old were placed at Rs 1,300-1,350 and at Rs 1,200-1,250 respectively.

Cotton softens Bullish trend in cotton slightly relented on increased offerings.All ready prices ruled steady. But there was keenness to unload the stock.

Ready J-34 saw ginned good average, Haryana ruled at Rs 1,860-1,890 and Rajasthan at Rs 1,865-1,885 spot. Cart selected Punjab were quoted at Rs 1,950-2,000 and Haryana at Rs 1,970-1,980. Bengal Deshi roller ginned ruled in the range of Rs 1,050-1,105.

However, New crop October delivery prices softened up generally by Rs 20 to 30 a maund. J-34 saw ginned good average, Punjab dipped to Rs 1,790, Haryana to Rs 1,765-1,770 and Rajasthan to Rs 1,730-1,760. Bengal Deshi roller ginned Haryana lost Rs 20 to Rs 1,100 but Rajasthan ruled static at Rs 1,090-1,095.

Gujarat cotton ruled steady. Sanker ruled in the range of Rs 18,000-22,000. New LRA Sandhva were quoted at Rs 19,500-20,000 and Bijapur at Rs 20,000-20,200. Morabi Wagad were placed at Rs 13,600-13,700 and V-797 at Rs 14,100-14,400.

Sugar closed
The sugar market remained closed today in support of the ongoing agitation of the gur trade.

Prices were steady amidst thin deals. Ex-octroi checkpost, M-30 were traded at Rs 1,550-1,570 and S-30 at Rs 1,525-1,540. Ex-mill quotations were placed at Rs 1,500-1,505 and at Rs 1,475-1,485 respectively in Kolhapur line.

Delhi
Zeera, on Unjha mandi again flared up by Rs 100 at Rs 2850 per 20 kg on hectic speculative and stockists buying, consequently, its prices here shot up by Rs 500-600 at Rs 14,300-16,500 a quintal. Though, offtake at these rates remained negligible. Superior Katha Banarasi flared up by Rs 300 at Rs 13,000 per 20 kg box due to paucity of ready stock.