Delhi advices remained weak. In the global market silver slid to $5.29/$5.30 per ounce. Standard gold reacted by Rs 5 to Rs 4,265 per 10 gm. Gold .22 carat slipped by same margin to Rs 3,945 per 10 gm. Prices of gold biscuit dropped by Rs 100 to Rs 50,100 per piece. Seasonal buying was dull and the prevailing weak overseas advices put pressure on the prices, according to trade sources. In the global market gold placed lower at $292.75/293 per ounce.

Sugar rises

A steady-to-slightly better trend was observed on the sugar market.Gaining Rs 5 a quintal M-30 rose to Rs 1455-1460 and S-30 to Rs 1440-1450ex-octroi checkpost. Trade sources ascribed this to rise in the truck freight. Ex-godown, M-30 at Rs 1470-1505 and S-30 1450-1463 were steady.Tenders also were steady as M-30 were indicated at Rs 1415-1420 and S-30 at Rs 1400-1405 in Kolhapur line.

Milling wheat down

Bullish trend on the grains market softened up on lack of adequate buying support at high levels. Green peas Canadian reacted by Rs 10 at Rs 1225-1231 a quintal. USA at Rs 1675-1700 and white peas Canadian at Rs 1100 were quietly steady. Tur Myanmar dipped by Rs 20 from the peak level as 1998 were on offer at Rs 2021-2025 and 1997 at Rs 1950. Urad Myanmar also retreated from Rs 1300 to Rs 1281.

Moong Myanmar at Rs 2000-2050, Australian gram at Rs 1150-1175, kabuli gram A-2 Mexican at Rs 3000-3100, Iranian at Rs 2500-2800, B-2 at Rs 2400-2500, C-2 at Rs 1550-1600, rajma chitra deshi at Rs 3000-3050, imported at Rs 2800-2900 and red rajma imported at Rs 2150 were unchanged but undertone was easy.

Among cereals, wheat milling weredown by Rs 5 at Rs 655-660 on slack demand. Other wheat and rice ruled static.

G'nut oil surges

Groundnut oil climbed up on the oil,oilseeds market here today. Castorseed and its oil unchanged in the ready delivery while prices lost gained ground in the forward market. Groundnut oil closed Rs 5 higher at Rs 475 per 10 kg on thin supplies coupled with shortage of ready stock. Demand was sluggish and in turn volume of trading was dull. In Rajkot prices rose by Rs 5 to Rs 685 per 15 kg.

Imported palm oil finished lower at Rs 372 per 10 kg exclusive of tax amidst poor enquiries and setback in dollar value. Castor oil maintained at the reduced level of Rs 320/332 per 10 kg on fresh overseas support. Castorseed ready held at Rs 1434/1440 per quintal.

In the futures section castorseed September delivery reacted from Rs 1,434 to Rs 1,429.50 before concluding at Rs 1,431 on bull unloading following progress of monsoon in the producing centres.

In Ahmedabad September delivery closed lower at Rs 1,433per quintal. In Rajkot it was at 1,431.50 per quintal.

Yarn quiet

A quietly steady condition continued on the yarn market.Viscose filament yarn bright cones first quality Century Rayon 150dn at Rs 224, 120dn at Rs 245, 100dn at Rs 258 and 75dn at Rs 270 a kg were unchanged. 120dn dull cones were on offer at Rs 252.Among nylons Shreelon 15/1/0dn and 20/1/0dn were on offer at Rs 265 and at Rs 231 respectively.

Cotton steady

A steady trend continued on the cotton market. Activity was moderately good.V-797 at Rs 16,400-16,600, Morbi wagad at Rs 16,000, kala-ginned at Rs 15,700-15,800 and Sanker in the range of Rs 19,000-23,000 a candy were well-held.

In Punjab zone, Bengal Deshi were placed at Rs 1630-1680, J-34 saw-ginned good average at Rs 2050-2150 and cart-selected at Rs 2200-2250 a maund.Meanwhile, the acution of 25,000 bales of Maharashtra federation met with very active buying support. NHH fetched Rs 16,500-17,000, LRA Rs 18,000-18,500 and MECH-1 Rs 20,500.

Delhi:

Onemergence of zooming demand coupled with decline in production, Kalaunji recorded a sharp rise of Rs 200 a quintal and methiseed flared up by Rs 100-300 a quintal. Demand in red chillies was reported good from Bangladesh. Cardamom small firmed up by Rs 15 a kg. due to mutual buying and selling. Among dry frutis, cashew kernel (210 and 340) edged up by Rs 10 a kg. and almond Afghani kagzi recorded a sharp spurt of Rs 500-1000 at Rs 5500-8500 per 40 kgs.