Standard gold jumped up from Rs 4,725 to Rs 4,900 before concluding at Rs 4,830 with a net overnight gain of Rs.105 per 10 gm. Gold .22 carat also finished Rs 100 higher at Rs 4,470 per 10 gm. Prices of gold biscuit (116.50 gm.) spurted from Rs 55,500 to Rs 58,000 before settling at Rs 57,300 with a net overnight jump of Rs 1,800 per peice. Gold biscuit prices rose by Rs 3,300 per peice in the last two trading days. Seasonal buying for gold was at a low ebb but traders reported brisk speculative buying for yellow metal following tight supplies coupled with news of fresh buoyancy in the global market. In the international market gold hardened from $315 to $340 and finally placed at $329/330 per ounce.

Silver .999 went up by Rs 80 at Rs 8,540 per kg. Silver .916 was up by Rs 84 at Rs 8,405 per kg in sympathy. Traders reported stray industrial demand but volume of trading was thin. And shortage of ready stock and firm Delhi and overseas advices kept offerings restricted during the day. In the global market the white metal moved up from $5.60 to $5.73 and finally closed at $5.65 per ounce.

G'nut oil maintains

Groundnut oil ruled steady at the improved level on the bullion market here today. Castorseed and its oil placed easy in the ready delivery while prices bounced back in the forward section on covering at the lower level.

Groundnut oil remained unchanged at Rs 410 per 10 kg. In Rajkot prices placed lower by Rs 10/15 at Rs 635 per 15 kg.

Imported palm oil edged up by Rs 3 at Rs 225 per 10 kg on firm global advices. In the overseas market palm oil crossed $400-mark at $402.50/407.50 per tonne. Castor oil fell by Rs 4 to close at Rs 401.Castorseed ready reacted by Rs 20 at Rs 1,849/1,855 per quintal.

In the future section castorseed December delivery initially fell from Rs 1,911 to Rs 1,890 but later on bounced back to Rs 1,914 per quintal at the close of the day owing to short covering, according to floor sources. Dcember delivery settled higher at Rs 1,904 in Ahmedabad and at Rs 1,918.50 in Rajkot, it was learnt.

Sugar divergent

A narrowly mixed trend prevailed on the sugar market after previous day's sharp gains.

M-30 at Rs 1425-1490 and S-30 at Rs 1410-1428 a quintal ex-godown, were up by Rs 3 to 5. Ex-octroi checkpost, the price reacted by Rs 5 as M-30 ruled at Rs 1415-1425 and S-30 at Rs 1400-1410.

In tenders, M-30 were placed steady at Rs 1365-1375 while S-30 were indicated higher by Rs 5 at Rs 1350-1360 in Kolhapur line.

Grains unchanged

A quietly steady condition continued on the grains market as activity was restricted.

Wheat North Gujarat Sonaklyan were placed at Rs 835-861, Tukadi at Rs 850-875 and 496 at Rs 865-875 a quintal. MP Lokvan were on offer at Rs 850-900, 147 at Rs 850-900, 147 at Rs 865-900 and Sarbati in the range of Rs 950-1400. FCI wheat were selling at Rs 725.

Rice Perimal average were traded at Rs 950-1200 and superior at Rs 1400-1450. AP Kattar were on offer at Rs 975-1100 and Cultured Kolam at Rs 1200-1400.

Among pulses, green peas Rumba/Heart USA at Rs 1250-1275, Canadian at Rs 850-950, white peas Canadian at Rs 1000 and French at Rs 941-951 were static. Kabuli gram A-2 were placed at Rs 3500-3700, B-2 ready at Rs 3100-3200 and incoming at Rs 2800. C-2 average found sellers at Rs 2000-2200 while superior ruled at Rs 2300-2500. Natural kabuli met with support at Rs 2600-2700.

Yarn listless

A quietly steady condition prevailed on the yarn market.

Viscose filament yarn bright cones first quality Century Rayon/Indian Rayon 150dn were placed at Rs 196, 120dn at Rs 205, 100dn at Rs 220 and 75dn at Rs 252 a kg.

Nylon yarn 15/1/0dn Shreelon were on offer at Rs 245. Gujnil 20/1/0dn were placed at Rs 220, 30/1/0dn at Rs 310 and 111/24/0dn at Rs 155.

Cotton bearish

A bearish trend continued on the cotton market following increased offerings due to rising inflow in Punjab and MP and improved crop prospects in Gujarat following recent rains.

Losing Rs 300 to 400 a candy V-797 dropped down to Rs 13,500-14,000 spot. Wagad were placed at Rs 13,000-13,100 and Kalan-ginned to Rs 12,300-12,400. Sanker old ruled at Rs 19,500-21,500 and new at Rs 20,000-20,100. MP new ruled at Rs 19,500-20,000.

Arrivals in Punjab rose to a total of 9000 bales. This was comprised of 3500 bales of Bengal Deshi and 5500 bales of J-34. Ready J-34 saw-ginned good average Punjab were down from Rs 1745-1820 to Rs 1725-1795 a maund.Haryana at Rs 1665-1711 and Rajasthan at Rs 1680-1690 lost Rs 15 to 20. Bengal Deshi Punjab at Rs 1230-1290, Haryana at Rs 1245-1250 eased by Rs 10 to 15. Rajasthan were static at Rs 1275-1290.

Futures also lost 20 points further on liquidation as December was closed at 4650 and February at Rs 4625.

New York also ended lower by 0.48 to 0.86 cents. October ruled at 49.85, December at 51.84, March at 53.60 and May at 54.41 cents.