In the global market, gold shot up from $272.75 to $274.35 per ounce.Meanwhile silver .999 rose by Rs.30 at Rs 8,105 per kg. Silver .916 was up by Rs.30 at Rs 7,975 per kg. Festival and industrial demand helped silver to forge ahead while shortage of ready stock coupled with encouraging Delhi and overseas advices arrested fresh offerings in the local market.In the global market silver looked up from $4.89 to $4.90/4.91 per ounce.

G'nut oil dips
Groundnut oil placed lower on the oil,oilseeds market here today. Castorsweed and its oil ruled steady at the reduced level in the ready delivery while prices reacted in the forward market.

Groundnut oil slid from Rs 360 to Rs 355 per 10 kg amidst lower than expected festival buying and weak upcountry advices. In Rajkot prices closed subdued at Rs 635/640 per 15 kg. Imported palm oil eased from Rs 209 to Rs 208 per 10 kg. While in the overseas market the trend was steady at $267.50 per tonne for the nearby delivery and at $272.50/277.50 per tonne for the long deliveries , it was learnt.

Castor oil placed static at Rs 304/316 per 10 kg. on renewed overseas enquiries at lower level. Castorseed ready changed hands at Rs 1,370 per quintal on nominal trading.

In the future section castorseed December delivery reacted from Rs 1,346 to Rs 1335 per quintal as weak Gujarat advices prompted fresh bear selling, floor sources said. Castorseed maturing September delivery was unquoted today. Castor oil October delivery slipped from Rs 320 to Rs 319 per 10 kg.

Palmolien October delivery fell by a rupee to Rs 207.50 per 10 kg. November and December delivery closed lower at Rs 1,342 and in Rajkot at 1,331 per quintal. Traders reported fresh arrivals of 5000/6000 bags in Gujarat.

Grains unchanged
A quietly steady trend prevailed on the grains market. Activity was limited due to the fag end of the month.

Rice Perimal Punjab medium were on offer at Rs 900-1,100 and superior at Rs 1,250-1,300 a quintal. Karnataka Kattar were traded at Rs 900-925.

Wheat milling were placed at Rs 665-670 and Punjab Tukadi at Rs 700-711. Maharashtra Lokvan were on offer at Rs 775-800, SRT at Rs 800-900 and HD at Rs 850-900.

Among pulses, green peas USA Rumba/ Heart were quoted at Rs 1,300 and Canada at Rs 950. White Canada ruled at Rs 851-861. Tur Myanmar old were mentioned at Rs 1,250 and new at Rs 1,350. Malawi tur were quoted at Rs 1,300-1,325, Kenya at Rs 1,350-1,375 and Tanzania at Rs 1,400-1,425. Canadian gram were traded at Rs 1,325-1,350.

Cotton static
Cotton market presented a steady stance. Mill demand was restricted.J-34 saw ginned good average ready Punjab ruled at Rs 1,740-1,760, Haryana at Rs 1,720 and Rajasthan at Rs 1,715 a maund spot. Whole October delivery were quoted at Rs 1,710-1,735, Rs 1,690-1,695 and Rs 1,690 respectively.

Cart selected Punjab were on offer at Rs 1,755-1,760 and Haryana at Rs 1,715-1,720.

Bengal Deshi roller ginned whole October Punjab ruled at Rs 1,025-1,040, Haryana at Rs 1,025-1,030, Rajasthan at Rs 1,025-1,050.

J-34 saw ginned good average whole November were placed at Rs 1,670-1,680.V-797 were quoted at Rs 14,300-14,700, Wagad at Rs 13,600-13,800, Sanker at Rs 18,000-21,500 a candy. MP new LRA were placed at Rs 19,700-20,000 and Y-1 November delivery at Rs 16,500.

Nickel rules firm
Nickel continued to rule firm on the non-ferrous metal market here today on persistent demand from industries and higher global advices. Copper scrap heavy also edged up further on stray demand.

Nickel moved up further by Rs 5 per kg to Rs 555 from Rs 550. Copper scrap heavy inched up to Rs 128.50 per kg from Rs 128.

Other metals ruled steady.

Sugar improves
A better trend was noticed on the sugar market following improved activity.Ex-godown, M-30 at Rs 1,500-1,530 and S-30 at Rs 1,475-1,500 a quintal improved by Rs 10. Ex-octroi checkpost, M-30 held steady at Rs 1,485-1,495, but S-30 looked up by Rs 10 at Rs 1,460-1,470.

Ex-mill, the price moved up further by Rs 5, netting a gain of Rs 10 in two days. M-30 were indicated at Rs 1,430-1,440 and S-30 at Rs 1,410-1,420 in Kolhapur line.

Improvement was ascribed to lower availability of trucks and stepped up upcountry buying support.

Yarn steady
A steady trend prevailed in polyester on the yarn market.Grey first quality of medium sized units 80 dn roto ruled at Rs 104-107, micro roto at Rs 115-118 and weft at Rs 103-104 a kg. 80/1,000 dn and 80/1,400 dn were placed at Rs 130-135 and at Rs 140-142 respectively.

In the case of 150 dn, weft were on offer at Rs 89-90, single roto at Rs 92-93, double roto at Rs 93-94 and micro roto at Rs 100-103.

Conditions in the fabrics market still continued to cause concern. Capacity utilisation in Bhiwandi powerlooms were around 65 per cent.