Groundnut oil declined from Rs 360 to Rs 355 per 10 kg on sluggish buying interest due to fag end of the month. In Rajkot it was placed higher by Rs 5 at Rs 610 per 15 kg.

Imported palm oil finished steady at the reduced level of Rs 209 per 10 kg in absence of fresh offerings by Indian importers, it was learnt. In the global market palm oil moved up from $372.50 to $379 per tonne on expected buying enquiries by China. Forward delivery looked up from $377.50 to $377.50 per tonne.

Castor oil placed Rs 3 higher at Rs 371/383 per 10 kg on fresh covering by shippers. Castorseed ready was up by Rs 15 at Rs 1699/1705 per quintal.In the future section castorseed March delivery spurted from Rs 1704 to Rs 1739 per quintal on brisk bull buying amidst fear of decease in the new crop in Gujarat, floor sources said. Maturing December deliveryremained absent from trading today.

In the international castor oil future market both December delivery and February delivery gained Rs 2 each at Rs 378 and Rs 383 per 10 kg respectively.

Castorseed spot prices placed at Rs 330/335 per 20 kg while castor oil moved to Rs 365/370 per 10 kg in Gujarat, it was gathered.

Silver reacts
Silver prices ruled weak while gold maintained at the improved level on the bullion market here today. Silver .999 reacted by Rs 20 at Rs 8,125 per kg. amidst demand resistance by industrial buyers. Weak Delhi and overseas advices also prompted light profit-taking. Silver was up by Rs 115 per kg on Wednesday. Silver .916 ruled steady at Rs 8,000 per kg on limited transactions. Overall volume of trading remained slow and traders reported turnover of hardly 70/80 kg of silver during the day. In the global market the white metal fell from $5.27 to $5.20 per ounce.

Standard gold closed static at Rs 4,660 per 10 gm. So was gold .22 carat at Rs 4,310 per 10 gm. Prices ofgold biscuit (116.50 gm.) held at Rs 54,600 per piece after gaining Rs 500 on wednesday.

Fresh seasonal buying remained thin at higher level but tight supplies and steady global advices helped prices to consolidate recent gains, dealers said. In the global market gold ruled quiet at $298.65 per ounce.

Grains unchanged
A quietly steady condition prevailed on the grains market due to lacklustre activity.

Wheat MP 147 and Sarbati were quoted at Rs 875-925 and at Rs 950-1400 a quintal respectively. Rice SLO ruled at Rs 1050-1100.

Among pulses, green peas Rumba/Heart were placed at Rs 1400 and Canadian at Rs 1050. White peas Canadian were on offer at Rs 875 and French at Rs 841. Urad Myanmar were placed at Rs 1950.

Sugar moves up
Sugar earned some respite from the persistant weak trend.Improved demand boosted the sagging values by Rs 5 to 10 a quintal as M-30 moved up to Rs 1415-1435 and S-30 to Rs 1395-1410 a quintal ex-octroi checkpost.

Mill delivery rates also ruled similarlybetter. However, ex-godown the price ruled steady at Rs 1437-1500 for M-30 and at Rs 1415-1435 for S-30.In tenders, M-30 were indicated at Rs 1360-1375 and S-30 at Rs 1345-1350 in Kolhapur line.

Cotton rules better
Punjab cotton price ruled better while short and medium staple items of Gujarat lost ground.

Lower arrivals boosted the Punjab zone cotton rates by Rs 10 to 20 a maund. J-34 saw-ginned good average Punjab ruled at Rs 1430-1480, Haryana at Rs 1390-1450 and Rajasthan at Rs 1375-1405 a maund spot. Cart selected were traded at Rs 1575-1600, at Rs 1465-1490 and at Rs 1450 respectively. J-34 roller-ginned good average Punjab and Haryana were placed at Rs 1410-1430 and at Rs 1350-1370 respectively Rajasthan were on offer at Rs 1340-1355. Bengal Deshi roller-ginned Punjab were quoted at Rs 1050-1100, Haryana at Rs 1080-1090 and Rajasthan at Rs 1090-1115. Arrivals were comprised of 1500 bales of Bengal Deshi and 9000 bales of J-34.

V-797 old at Rs 12,500-12,700 and new March delivery at Rs12,500 a candy lost Rs 300. Sanker ruled static in the range of Rs 17,000-18,500.

Futures ruled slightly subdued.

New York December rallied by 0.35 cents at 49.85, March was marginally depressed at 51.51 cents. May at 52.70 and July at 53.88 were up by 0.10 to 0.13 cents.

Yarn steady
A steady trend prevailed in viscose and nylons on the yarn market.Viscose filament yarn bright cones first quality Century Rayon 150dn ruled at Rs 196, 120dn at Rs 205, 100dn at Rs 220 and 75dn at Rs 252 a kg. 40dn ruled at Rs 428.

Nylon yarn 15/1/0dn Shreelon were placed at Rs 270. Gujnil 20/1/0dn ruled at Rs 250, 30/1/0dn at Rs 310 and 111/24/0dn at Rs 155.