The market price of polyester yarn ruled quietly steady at the earlier improved levels. Grey first quality of medium sized units 80dn rotoset were quoted at Rs 80-81, micro rotoset at Rs 90, weft at Rs 74, warp at Rs 86-87, 80/1000dn at Rs 100-105 and 80/1400dn at Rs 110 a kg.

In the case of 150dn, weft and warp were on offer at Rs 60-62 and at Rs 71-72 respectively. 150dn single roto were traded at Rs 64-66 and double roto at Rs 66-68.

Meanwhile, RIL has announced a rise of Re 1 a kg in the price of 126dn POY at Rs 57 and by Rs 2 for 235dn at Rs 47. 80dn roto price is raised by a rupee at Rs 86. Besides, hiking by Rs 2 each the price of 150dn weft has been fixed at Rs 66, of 150dn single roto at Rs 70 and double roto at Rs 72.

Moong, urad flare up

Moong ang urad price flared up on the grains market. Other items also presenteda steady-to-firm stance on reserved offerings. Following restricted selling propelled by the reports of further damage to the local crop due to recent rains the price of moong and urad shot up. Moong spurted by Rs 100 to 150.

Myanmar moong were placed at Rs 1700-1800 and deshi medium in the range of Rs 1600-1900 and superior at Rs 2200-2300 ex-producing centres. Urad Myanmar shot up from Rs 1400-1450 to Rs 1525. Tur Myanmar price also hardened. 1998 ruled at Rs 2200 and 1997 at Rs 2100. Australian gram netted gains of Rs 25 at Rs 1400. Other pulses were well-held at the earlier levels.

Wheat and rice ruled steady. Wheat milling were placed at Rs 711-715 and north Gujarat Tukadi at Rs 765-825. Arrivals were higher at around 100 lorryloads due to two days of holidays. Rice Gujarat 17 were in demand at Rs 1600-1700.

Castor oil suffers

Groundnut oil maintained while castorseed and its oil suffered fresh losses on the oil,oilseeds market here today. Groundnut oil remained unchanged at Rs 615 per 10kg amidst sluggish demand. Thin supplies and acute shortage of ready stock helped prices to consolidate gains. In Rajkot prices fell from Rs 870 to Rs 840 per 15 kg on unloading by stockists ahead of new crop arrivals.

Imported palm oil declined from Rs 389 to Rs 382 per 10 kg exclusive of tax on report of fresh arrivals at Mumbai port while setback in the international market triggered unloading by local importers. In the global market palm oil fell to $690/695 per tonne.

Castor oil finished Rs 6 lower at Rs 452/464 per 10 kg amidst thin overseas interest. Castorseed ready fell below Rs 2100 mark at Rs 2068/2074 per quintal.

In the futures section castorseed December delivery looked up from Rs 1710 to Rs 1724 before concluding at Rs 1,720 per quintal as lower prices attracted light covering by bears and shippers, floor sources said. In Ahmedabad December delivery placed higher at Rs 1,761 per quintal. In Gujarat, castorseed ready delivery quoted at Rs 410 per 20 kg while castor oil placed at Rs 440 per10 kg.

Bengal Deshi rises

A steady-to-firm condition was in evidence on the cotton market as late rains influenced the sentiment. Bengal Deshi price firmed up by Rs 20 a maund both in ready and forwards. Ready rose to Rs 1330-1350, October to Rs 1290-1305 and November to Rs 1270-1275 spot. J-34 saw-ginned good average ready also gained Rs 20 at Rs 1715-1780. However, October at Rs 1665-1740 and November at Rs 1665-1710 ruled steady. Arrivals consisted of 2000 bales of deshi and 500 bales of J-34.

V-797 at Rs 15,300-15,700 a candy were steady. Sanker new Kadi ready ruled at Rs 20,300-20,500 and November at Rs 19,200.

Gold shoots up

Gold prices shot up sharply while silver suffered losses on the mixed bullion market here today. Standard gold lifted up by Rs 60 to Rs 4,360 per 10 gm. Gold .22 carat rose by Rs 55 to Rs 4,035 per 10 gm. Prices of gold biscuit (116.50 gm.) hardened by Rs 900 to Rs 51,600 per piece. Physical buying continued ahead of Diwali festival while poor overseas inflowand firm advices kept offerings limited. Restricted supplies of gold from banks due to frequent holidays also aided the uptrend in the bullion market. In the global centres the yellow metal placed higher at $302 before concluding at $300.70 per ounce.

Silver .999 declined by Rs 50 to Rs 7,850 per kg. In the ready section silver .916 dropped by Rs 45 to Rs 7,725 per kg in sympathy.Industrial demand petered out at higher level while fresh local inflow and weak overseas advices triggered profit-taking among stockists here. Delhi was weak today and in the global market the white metal eased from $5.35 to $5.23 per ounce.

Sugar gains

Sugar ruled slightly better on improved buying support. Gaining Rs 5 a quintal M-30 were placed at Rs 1460-1470 and S-30 at Rs 1440-1450 ex-octroi checkpost. Ex-godown, the price ruled at Rs 1480-1535 and at Rs 1460-1485 respectively.

In tenders, M-30 were indicated at Rs 1420-1430 and S-30 at Rs 1400-1405 in Kolhapur line.