Groundnut oil closed Rs 4 higher at Rs 382 per 10 kg. Fresh festival buying followed by tight supplies influenced the upsurge. In Rajkot it was firm at Rs 685/690 per 15 kg.

Imported palm oil eased from Rs 221 to Rs 218 per 10 kg on light profit-taking on account of modest fall in dollar value against rupee.

Malaysian markets remained closed for national holiday, it was learnt.Castor oil edged down a rupee to Rs 323/335 per 10 kg. Castorseed ready declined by Rs 5 at Rs 1,465 per quintal.

In the futures section castorseed December delivery jumped up from Rs 1,326 to Rs 1,353 before settling at Rs 1,335 per quintal on fresh bull unloading.

Maturing September delivery remained untraded.

In the international castor oil futures market, October delivery ruled steady at Rs 332 per 10 kg. August delivery was absent from trading. In the future market for RBD palmolien October delivery quoted at Rs 219 after spurting to Rs 222.50 per 10 kg. November delivery placed at Rs 222 and December delivery closed at Rs 226 per 10 kg.

In Ahmedabad castorseed December delivery changed hands at Rs 1,357 and in Rajkot at Rs 1,349 per quintal. Traders reported castorseed arrivals of 5000/6000 bags in Gujarat.

Gold recovers
Gold prices hardened while silver ruled weak on the bullion market here today. Standard gold recovered by Rs 10 at Rs 4,520 per 10 gm. Gold .22 carat was up by same margin at Rs 4,180 per 10 gm. in sympathy. Prices of gold biscuit (116.50 gm.) recovered by Rs 200 at Rs 52,900 per piece after slipped Rs 200 on Wednesday. Continued festival demand attributed to price recovery while tight supplies and news of encouraging overseas advices arrested fresh offerings, dealers said. In the global market gold shot up from $272.95 to $275.55 per ounce.

Meanwhile silver .999 eased by Rs 10 at Rs 8,040 per kg. Silver .916 was down by Rs 15 at Rs 7,915 per kg. Industrial buying was low at higher level as continued supplies of raw silver from local sources coupled with weak Delhi advices triggered light profit-taking among stockists. Inflow of imported silver however was at a low ebb. Traders reported volume of 120/125 kg of silver during the day in the city market. In the overseas market the white metal looked up from $4.90 to $4.92 per ounce.

Grains steady
A quietly steady condition continued on the grains market. Activity was restricted.

Wheat Punjab Tukadi were on offer at Rs 751-761 a quintal. Maharashtra Lokvan were placed at Rs 775-800, SRT at Rs 800-900 and HD at Rs 850-925.

Rice Gujarat-17 ruled at Rs 1,200-1,500. SLO were on offer at Rs 950-1,150.Among pulses, Kabuli gram, A-2, Mexico at Rs 4,000-4,025 and Canada/ USA at Rs 3,700-3,800. B-2 Canadian were on offer at Rs 3,600 and Australian at Rs 3,400-3,500. Iranian and Turkish Kabuli found sellers at Rs 3,500-3,800 and at Rs 3,500-3,600 respectively. Moong Myanmar medium were on offer at Rs 1,550-1,600, superior at Rs 1,650-1,775 and Thailand at Rs 1,450-1,500.

Cotton gains
A steady to firm trend prevailed on the cotton market following better buying support.

V-797 at Rs 13,800-14,000 a candy spot hardened by Rs 200. Morabi Wagad were placed at Rs 13,200-13,300 and Kalan ginned at Rs 12,700-12,800. Sanker ruled steady in the range of Rs 18,000-20,500.

In Punjab zone, ready J-34 saw ginned good average at Rs 1,830-1,875 and cart selected at Rs 1,910-1,960 a maund held steady. Bengal Deshi roller ginned Punjab at Rs 1,040-1,060 ruled steady. But Haryana at Rs 1,090 gained Rs 10 and Rajasthan Rs 1,050-1,075 were up by Rs 15 to 20.

New October delivery, Rajasthan J-34 saw ginned good average at Rs 1,700 and Bengal Deshi roller ginned at Rs 1,090-1,095 netted gains of Rs 25 to 30.

Sugar firms up
A firm trend continued on the sugar market following unabated active buying support, coupled with tight supply.

M-30 at Rs 1,585-1,610 a quintal ex-godown were up by Rs 5 to 7. S-30 were up by Rs 10 to 12 at Rs 1,565-1,590. Ex-octroi checkpost, M-30 firmed up by Rs 8 to 10 at Rs 1,570-1,580 while S-30 were up by Rs 5 at Rs 1,540-1,550.

Ex-mill delivery orders for M-30 at Rs 1,505-1,510 were maintained. However, S-30 at Rs 1,480-1,490 were better by Rs 5 in Kolhapur line.

The trade sources expected the reaction following improvement in supplies after the resumption of mill tenders due from today.

Poly yarn hardens
Polyester yarn price hardened in anticipation of price hike by the spinners.

Gaining Rs 2 a kg, grey first quality of medium sized units 80 dn roto were quoted at Rs 90-92, micro roto at Rs 98-99, weft at Rs 86-88, 80/1,000 dn at Rs 119-120 and 80/1,400 dn at Rs 123-125.

In the case of 150 dn weft rose to Rs 73 and single roto to Rs 75.

Meanwhile, the trade anticipated a hike of Rs 2 to 3 a kg in the price by Reliance Industries (RIL). u