Groundnut oil shot up from Rs 488 to Rs 496 per 10 kg amidst poor supplies, acute shortage of ready stock and fresh physical demand. Inflow remained restricted from Gujarat region after the introduction of price ceiling in Gujarat state, dealers said. In Rajkot it was steady at Rs 685 per 15 kg.

Imported palm oil edged up by Rs 2 to Rs 378 per 10 kg on bull buying, firm dollar value and bullish overseas advices.

Castor oil moved up by a rupee to Rs 318/330 per 10 kg on short covering by shippers in the wake of renewed overseas enquiries. Castorseed ready was up by Rs 4 to Rs 1424/1430 per quintal in sympathy.

In the futures section castorseed September delivery rose from Rs 1,435 to Rs 1,441 before concluding the day at 1,438 per quintal on fresh bull interest following higher Ahmedabad advices. Bears werecovering short position. In Ahmedabad September delivery closed at Rs 1245 per quintal as at one stage crossed Rs 1,435-mark and in turn Exchange authorities had to impose margin on bull operators.

Gold, silver react

Both the precious metals reacted on the bullion market here today.

Silver .999 eased by Rs 100 to Rs 8,000 per kg. Silver .916 reacted by Rs 75 to Rs 7,875 per kg in sympathy. Industrial buying was dull at higher level while continued inflow of raw silver from the local sources and weak global advices triggered selling pressure. Delhi advices were weak. In the overseas market silver closed lower from $5.54 to $5.35 per ounce.

Meanwhile standard gold finished lower by Rs 5 to Rs 4,285 per 10 gm. Gold .22 carat lost by same margin to Rs 3,965 per 10 gm. Prices of gold biscuit (116.50 gm.) dropped by Rs 150 to Rs 50,400 per piece. Physical buying for gold was dull while steady supplies coupled with subdued global advices dragged prices lower, it was said. In the overseas market goldslipped to $294/294.50 per ounce.

Delhi: Pulses prices, on the Delhi grains and pulses market recorded heavy gains on Friday due to good demand.

On emergence of strong buying support from Haryana, Punjab and J&K, kabligram recorded a sharp spurt of Rs 50-100 at Rs 1900-2450 a quintal while in May, it was priced at Rs 1650-2000 a quintal. Gram Rajasthani recorded a sharp rise of Rs 35 at Rs 1120 a quintal as demand in gram dal from Eastern India, Maharashtra and Gujarat was reported strong while arrivals remained poor. Gram dal also firmed up by Rs 20 at Rs 1390 a quintal and besin looked up by Rs 10 at Rs 1100 per 70 kgs.

On zooming demand from Southern India, wheat dara firmed up by Rs 8-10 at Rs 580-690 a quintal while in the second week of June, prices ruled at Rs 530-537 a quintal.

Roller flour millers were selling their products on cash payment. Suji declined to Rs 640-660 from Rs 680-695 per bag due to weak demand on cash payment. On increased inflow of new Sharbati paddy in Nainitalareas of U.P., common basmati prices crashed by Rs 50-100 at Rs 3200-3900 a quintal.

Sugar dull

Business in mill delivery sugar remained dull because of weak upcountry demand due to tight money market conditions. Sehora sugar was quoted at Rs 1392 against Rs 1402 a quital on panic selling by the speculators. Pak sugar ruled at Rs 1530 a quintal. Scattered demand in mill delivery sugar Amroha was reported at Rs 1415, Bulandshahar at Rs 1395, Modi at Rs 1435 and tax-paid Khatauli and Devband were traded at Rs 1520 a quintal.

Mustard flares up

On holding of stock by the Rajasthan and Haryana stockists, quality mustard, on the local market, flared up by Rs 50 at Rs 1875 a quintal and tax-paid mustard oil expeller recorded a sharp rise of Rs 130 at Rs 4550 a quintal.

Prior to installation of the present Govt. at the Centre, mustard oil ruled at Rs 3100 and mustard at Rs 1200 a quintal. Sesame, sunflower and cottonseed oils climbed up by Rs 20-50 a quintal amidst tight supply position.Linseed oil prices were quoted higher in sympathy with mustard oil. Palmolein in Malaysia ruled firm at $635 a tonne. In the absence of reduction in import duty on edible oils by the Govt. coupled with firm dollar vis-a-vis Indian rupee, edible oils prices continued to stay hot.

Poppyseed crashes

Poppyseeds of Pakistan on the local market crashed by Rs 1800 at Rs 12000 a quintal as smuggled inflow of poppyseed, cloves and cardamom small was reported via Nepal. Cloves slipped by Rs 2 a kg. Among dry fruits, on selling pressure from the South, copra tumbled down by Rs 50-100 a quintal.

Silver coins tumbles

On weak overseas advices, both the precious metals suffered losses on the Delhi bullion market on Friday.

New York silver future plummeted to 535 cents from 546 cents an ounce, as a result, spot silver .999 slumped by Rs 60 at Rs 8050 a kg. On Wednesday, New York silver future ruled at 556 cents an ounce and spot silver was priced at Rs 8160 a kg. Arrival of imported silver on Thursdaywas reported about 3000 kgs.

Silver weekly delivery was down by Rs 50 at Rs 8015 a kg. due to lack of speculative buying. Silver coins, too, tumbled down by Rs 100 at Rs 10400-10600 per 100 pieces in sympathy.

Gold on the overseas market slipped to $294 from $296 an ounce, consequently, gold biscuit and standard mint gold dipped by Rs 15 at Rs 4340 and Rs 4350 per 10 gram respectively. Gold sovereign also slipped by Rs 25 at Rs 3500-3550 per 8 gram.

B. Twill steady

Following govt. and non-govt. buying, the prices of B. Twill steady in Calcutta, hence B. Twill ( 2 & 2, lbs) held steady at Rs 1925 and Rs 2200 per 100 bags in local market. Hessians, twines also were unchanged on good demand.

Menthol declines

Local and upcountry demand being poor, menthol oil, flake and bold declined by Rs 5-15 per kg. DMO also moved lower by Rs 5 per kg. whereas on manufacturers hiked their rates, titanium dioxide TTK and K. brand edged up by Rs 2 at Rs 94 and Rs 90 per kg. Chinese titanium also edgedup by Re. one per kg. Following stockists offtake, caustic soda flakes firmed up by Rs 10 per bag. Other chemicals were unchanged.