Groundnut oil moved up further to Rs 385 (Rs 382) per 10 kg. amidst tightsupplies coupled with brisk physical buying and strong rumours of hike inthe import duty on edible oil. However rumours remained unconfirmed tilllate evening, according to dealers. Meanwhile in Rajkot prices advanced fromRs 610/615 to Rs 620per 15 kg.

Imported palm oil went up by Rs 4 at Rs 220 per 10 kg. Malaysian marketsremained closed today on account of week-end holiday, there was no overseasadvices.

Castor oil lifted up by Rs 2 at Rs 371/383 per 10 kg on global supportfollowing upsurge in dollar value. Castorseed ready was up by Rs 10 at Rs1,705 per quintal in sympathy.

In the future section castorseed September delivery reacted from Rs 1,728 toRs 1,720 per quintal on fresh bear selling amidst reports of rain in theproducing centers, floor sources said. Maturing June delivery was unquoted.In the international castor oil future market August delivery shot up fromRs 376 to Rs 383 per 10 kg.

In Ahmedabad September delivery closed lower at Rs 1,714 per quintal whilespot prices were firm at Rs 320/330 per 20 kg. Castor oil was placed at Rs354/355 per 10 kg in Gujarat.

Bullion ends lower
Gold and silver prices closed lower on the bullion market here today.Standard gold slid by Rs 5 at Rs 4,500 per 10 gm. Gold .22 carat was down byRs 10 at Rs 4,160 per 10 gm. Physical buying was low at the improved levelwhile weak global advices triggered light profit-taking in the local market.Strong rumours that Reserve Bank of India may sell gold from its reservesalso subdued the market sentiment, dealers said. In the global market goldmoved down from $285 to $283.90 per ounce.

Meanwhile silver .999 declined by Rs 15 at Rs 7,955 per kg. Silver .916 wasdown by same margin at Rs 7,820 per kg in sympathy. Industrial buyersstayed away in the falling market while continued inflow of raw silver fromlocal sources followed by weak Delhi and overseas advices put fresh pressureon the prices. In the global market silver slid from $5.05 to $5.03 perounce.

Pulses buoyant
Buoyancy continued in several items of pulses on the grains market.

Urad Myanmar ready netted fresh gains of Rs 50 a quintal at Rs 2,750.Incoming were actively sought after at Rs 2,550-2,600. Inferior MoongMyanmar at Rs 1,675 hardened by Rs 75. The general price range for MoongMyanmar were inferior Rs 1,675-1,750 and superior Rs 1,900-2,100. Tur pricealso looked up by Rs 25 on better demand. Myanmar old moved up to Rs 1,400,new to Rs 1,550-1,575, Malawi to Rs 1,525-1,575, Kenya to Rs 1,700-1,725 andTanzania to Rs 1,725-1,750.

Rice Gujarat-17 were placed at Rs 1,400-1,800, SLO at Rs 1,150-1,250 andPakistan rice which are in limited supplies at Rs 975-1,100 a quintal. Wheatmilling were mentioned at Rs 740-750, MP 147 and Sarbati were transacted atRs 875-1,000 and at Rs 1,000-1,400 respectively.

Sugar firm
Bullish trend forged further ahead on the sugar market following sustainedupcountry demand.

Active buying inquiries from Punjab, Haryana and Rajasthan boosted theprices by Rs 10 to 12 a quintal all round. M-30 rose to Rs 1,450-1,505 andS-30 to Rs 1,420-1,445 ex-godown. Ex-octroi checkpost M-30 were in demand atRs 1,445-1,455 and S-30 at Rs 1,415-1,425. In tenders, M-30 were indicatedat Rs 1,380-1,400 and S-30 at Rs 1,360-1,375 in Kolhapur line.

Yarn quiet
A quietly steady trend prevailed on the yarn market.

VFY bright cones first quality Century Rayon 150dn at Rs 193, 120dn at Rs205, 100dn at Rs 213, 75dn at Rs 253, 40dn at Rs 428 and 120dn dull cones atRs 208 a kg ruled static.

Nylon yarn Gujnil 20/1/0dn were on offer at Rs 285, 30/1/0dn at Rs 320,111/24/0dn at Rs 320 and Shreelon 15/1/0dn at Rs 290.

Cotton sluggish
A sluggish trend prevailed amidst restricted activity.

V-797 ruled at Rs 13,400-13,800 and Morabi Wagad at Rs 13,300 a candy spot.Sanker were quoted at Rs 18,000-21,000.

Punjab J-34 saw ginned good average were mentioned at Rs 1,872, Cartselected at Rs 1,925-1,970 and Bengal deshi at Rs 1,230-1,280 a maund.

Delhi
Divergent conditions were seen at the Delhi bullion market on Saturday.Gold in London improved from $283.80 to $284 an ounce and according to localtraders, import at these prices was not a profitable propositon. As aresult, gold biscuit and standard mint gold improved by Rs 5 at Rs 4520 andRs 4530 per 10 gram, respectively due to restricted supply while goldsovereign remained unchanged at Rs 3825-3850 per 8 gram.

New York silver future slipped from 506 cents to 503 cents an ounce, spotsilver .999 fineness on the local market dipped by Rs 10 at Rs 7795 a kg andsilver weekly delivery also fell by Rs 10 at Rs 7820 a kg in tandem. Arrivalof imported silver on Friday was reported more than 5000 kg.

Silver coins remained unchanged at Rs 10,700-10,800 per 100 pieces.