Groundnut oil closed lower at Rs 510 as against Rs 521 per 10 kg previously amidst sluggish buying enquiries followed by brisk inflow and unloading by stockists as well as millers. In Rajkot prices fell to Rs 720/730 per 15 kg.

Imported palm oil edged down by Rs 5 to Rs 375 per 10 kg exclusive of tax on fresh arrivals at Mumbai port coupled with sluggish demand and bearish trend in the world market. November delivery was quoted lower at Rs 368 per 10 kg and December delivery at Rs 366 per 10 kg respectively. In the global market palm oil placed at $700/705 per tonne for nearby deliveries and $680/690 per tonne for long deliveries, it was learnt.

Castor oil edged down by a rupee to Rs 432/444 per 10 kg amidst sluggish overseas demand. Castorseed ready moved down by Rs 4 to Rs 1972/1978 per quintal nominally insympathy.

In the futures section castorseed December delivery dropped from Rs 1675 to Rs 1656 per quintal as weak Ahmedabad advices prompted fresh bull liquidation, floor sources said. In the Gujarat region castorseed ready delivery closed lower at Rs 390 per 20 kg. Castor oil placed at Rs 430/440 per 10 kg. And arrivals of new crop castorseed placed around 200 bags. Market sentiment however was weak at the close of the session.

Punjab cottons up A firm trend prevailed on the cotton market following below normal arrivals.

In Paunjab zone, Bengal deshi price shot up by Rs 50 while J-34 were up by Rs 20 to 25 a maund. Bengal deshi were quoted at Rs 1390-1425, J-34 saw-ginned good average at Rs 1790-1890 and cart-selected at Rs 1845-1940 spot. Arrivals consisted of 6000 bales each.

Sanker at Rs 20,000-20,500 and V-797 at Rs 15,400-15,800 a candy were up by Rs 100.

Precious metals soften

Both the precious metals softened on the bullion market here today.Standard gold fell by Rs 15 to Rs 4,295and gold .22 carat reacted by same margin at Rs 3,970 per 10 gm. Prices of gold biscuit (116.50 gm.) slipped by Rs 100 to Rs 50,300 per piece. Seasonal buying petered out after conclusion of Diwali festival while weak trend in the world prices triggered profit-taking. Slide in the dollar value against rupee also weakened the market sentiment. In the global market gold fell to $291.30 per ounce.

Silver .999 eased by Rs 10 to Rs 7,380 per kg. Silver .916 moved down by Rs 1l5 to Rs 7,265 per kg. Industrial and seasonal demand was sluggish. Weak Delhi and overseas advices prompted selling pressure at higher level, it was said. In the global market the white metal quoted lower at $4.86 per ounce.

Grains unchanged

A steady condition was noticed on the grains market. Activity was restricted.Wheat Saurashtra Lokvan were placed at Rs 775-850 and SW at Rs 900-1125 a quintal. North Gujarat Tukadi and 496 were traded at Rs 775-825 and at Rs 850-875 respectively. MP 147 were quoted at Rs 800-900 and Sarbatiin the range of Rs 900-1400.

Rice permal superior met with support at Rs 1250-1300. Gujarat-17 were sought after at Rs 1650-1750. SLO ruled at Rs 1125-1150 and AP Kattar at Rs 1075-1125.

Yarn quiet

A quiet tendency prevailed on the yarn market.

Viscose filament yarn bright cones first quality Century Rayon 150dn ruled at Rs 224, 120dn at Rs 247, 100dn at Rs 260 and 75dn at Rs 269 a kg. 120dn dull cones were placed at Rs 256 a kg. Among coarse items, 180dn were on offer at Rs 214, 300dn at Rs 166, 450dn at Rs 150 and 600dn at Rs 144.Nylon yarn Shreelon 15/1/0dn and 20/1/0dn were quoted at Rs 240 and at Rs 225 respectively.

Sugar better

Sugar price ruled steady-to-better on improved offtake, coupled with higher ex-mill advices.

Ex-godown, M-30 at Rs 1475-1540 and S-30 at Rs 1458-1480 a quintal held steady. Ex-octroi checkpost price moved up by Rs 5 at Rs 1465-1475 and at Rs 1445-1455 respectively.

In tenders, the price gained Rs 10 as M-30 were indicated at Rs 1425-1430 and S-30at Rs 1410-1415 in Kolhapur line.

Delhi

Most of the non-ferrous metals maintained downtrend because of excess import while the offtake remained slack. Zinc slab drifted lower by Rs 1.50 at Rs 71 per kg. Brass accessories, Bharat scrap, brass boring and nickel plate edged down by 50 paise to Re. one per kg.

With around 60 tonnes arrivals from Ahmedabad, lead ingot desi soft and hard were placed lower by Re. one at Rs 35 and Rs 35.50 per kg. Lead ingot imported also declined by Re. one per kg. as the import became cheaper. In copper, as the demand increased from Shahdara and elsewhere copper wire bar firmed up by Rs 1-2 per kg. Antymony came under pressure of excessive inflow from China and declined by Rs 6-12 at Rs 82-98 per kg. On strong demand in Rajasthan and Gujarat for seed purposes coupled with poor inflow because of holidays, zeera, on the local market shot up by Rs 100 a quintal. Similarly, tamarind and methi recorded a sharp rise of Rs 25-100 a quintal amidst tight supplyposition.

Among dry fruits, copra suffered further losses.