In the edible section, groundnut oil eased further on lack of local demand at higher levels but palmoil firmed up on modest buying interest.

Groundnuts, however held steady.

Turning to the industrial sector, castoroil and castorseeds strengthened on fresh buying from soap manufacturers and stockists. Linseed oil declined in the absence of demand from the paint industry, but linseeds were quiet.

In futures trading, castorseeds September contract began sharply higher at Rs.1364.50 from overnight levels of Rs.1360.50 and shot up further at Rs 1373 but eased to close at Rs.1372.50 due to hectic bull support on expectation of renewed export enquiries. The June contract was not traded.

Groundnut oil softened to Rs.423 from Rs.425 on Wednesday while palmoil rose to Rs.374 fromRs.372. Groundnuts ready bold remained unchanged at Rs.1980.Castoroil commercial firmed up to Rs.290 fromRs.288 and castorseeds ready Madras shot up to Rs.1290 from Rs.1286. Linseed oil dropped to Rs.382 from Rs.385 but linseed ready bold was quietly steady at Rs.1400. Silver recovers Silver prices recovered part of yesterday's losses on the bullion market today in the wake of good industrial support amidst inadequate supplies. Gold also improved marginally on fresh seasonal demand.

Silver (.999 fineness) and tenderable silver recouped by Rs.80 each to Rs. 7520 and Rs.7525 respectively. Raw silver was up by Rs.55 at Rs.7390.Standard gold added 10 points at Rs.4160 and 22-carat gold was nominally quoted up at Rs.3850 from yesterday's close of Rs.3840. Ten-tola gold bar edged up by Rs.100 to Rs.48,800.

Grains featureless

A steady trend prevailed on the grains market. Activity was restricted.Wheat milling were placed at Rs 590-595 a quintal. Saurashtra Lokvan were placed at Rs 600-725 and SW at Rs 800-900. Ganganagar wheat ruled at Rs 675-725. Rice ruled somewhat better on reduced supply. AP masooriwere placed at Rs 925-950. Permal medium ruled at Rs 850-950 and superior at Rs 1100-1200. Gujarat-17 were placed at Rs 1100-1350.

Undertone in imported pulses continued to be firm in view of rise in dollar exchange rate against rupee as also due to low stocks. Tur Myanmar 1998 and 1997 were sought after at Rs 1800 and at Rs 1700 respectively. Green peas USA and Canadian were placed at Rs 1650 and at Rs 1200-1225 respectively. White peas Canadian found sellers at Rs 1011.

Urad and moong Myanmar were traded at Rs 1150-1175 and at Rs 1750-1900 respectvely. Australaian gram were on offer at Rs 1100, Kabuli gram A-2 at Rs 2500-2600.

Sugar suffers

Sugar price suffered fresh setback following sluggish demand.Losing Rs 10 a quintal M-30 were down to Rs 1435-1445 and S-30 to Rs 1415-1425 ex-octroi checkpost. Ex-godown, the price ruled at Rs 1460-1505 and at Rs 1440-1475 respectively.

In the case of imported sugar, Brazilian white ruled at Rs 1370 and Pakistani at Rs 1425 on out of the state salesbasis.

The tenders for the next month were expected from tomorrow.

Yarn unchanged

Prices of polyester yarn hovered around the pervious day's levels on the yarn market. Volume of business remained on the high side due to some pre-budget buying.

Grey first quality of medium-sized units 80dn rotoset yarn ruled at Rs 90-92 and micro rotoset at Rs 100 a kg. 80dn weft and warp were placed at Rs 80-81 and at Rs 92-93 respectively. 150dn weft ruled at Rs 67-68, warp at Rs 78-80, single rotoset at Rs 72-73 and double rotoset at Rs 73-74.

Cotton steady

A steady condition was in evidence on the cotton market. Activity was limited.

Punjab J-34 saw-ginned good average ruled at Rs 1990-2050, cart-selected at Rs 2125-2200 and Bengal Deshi at Rs 1585-1625 a maund spot. Around 28 lakh bales have been marketed in the whole Punjab zone as the season has almost ended, stated trade circles.

V-797 were placed at Rs 14,800-15,300 a candy. In Gujarat around 39 lakh bales have arrived and another 4 to 5lakh more bales were expected to come.Delhi:

On encouraging overseas advices, both the precious metals, on the Delhi bullion market, recorded gains on Thursday.

New York silver future recovered to 516 cents from 506 cents an ounce, spot silver .999 today improved to Rs 7580 from Rs 7440, showing a sharp rise of 140 a kg. and silver weekly delivery, on speculative buying, firmed upto Rs 7610 from Rs 7565 a kg.

Arrival of imported silver yesterday was reported about 5000 kgs.