On arrival of about 3-4 lorries of new rajmash from Maharashtra and in the expectations of inflow of about 8-10 lorries shortly, its prices here further tumbled down by Rs 100-200 at Rs 2400-2500 a quintal while on Wednesday last, it was traded at Rs 3300 a quintal.

Quality arhar firmed up by Rs 20 at Rs 2200 a quintal on holding of stock by the stockists of producing areas of MP and UP. However, arhar dal was quoted lower due to weak upcountry demand.

Among cereals, wheat dara held steady at its previous close as daily arrival improved to about 10,000 bags, but demand from the South buyers remained poor.

Daily arrival of rice from Jalandhar, Fazilka, Karnal and Kurukshetra was reported about 15-20,000 bags and exporters were reported to have settled deals in rice permal at Rs 921-975 a quintal. Official quality rice permal was tradedat Rs 860-870 a quintal.

Maize edged up by Rs 10-15 at Rs 545-570 a quintal as daily arrival dipped to about 800 bags coupled with firm producing centres advices.

Gur steady

On procurement of about 30-35,000 bags of sugar by Punjab, Haryana, Delhi and UP parties, mill delivery sugar prices edged up by Rs 6-8 at Rs 1306-1433 a quintal.

Mawana sugar was traded at Rs 1433, Simbhauli at Rs 1366, Modi at Rs 1365, Dauralla on draft at Rs 1362 and tax-paid Khatauli was traded at Rs 1457 a quintal. Imported sugar also moved up by Rs 10 at Rs 1480 a quintal.

Gur prices held steady as arrival was hit hard because of rainy weather conditions. Gur chaku in Muzaffarnagar ruled firm at Rs 415-455 per mound.

Sesame oil flares up

Obligatory use of sesame oil in vanaspati is likely to be reduced to five per cent, consequently, sesame oil mill delivery flared up by Rs 50 at Rs 4750 a quintal. It was also reported that vanaspati millers often use two per cent sesame oil.

On consistent buying fromCalcutta buyers, mustard laha shot up by Rs 50 at Rs 1750-1875 a quintal. Groundnut oil in Mumbai ruled easy at Rs 5600 and in Gujarat at Rs 5550 a quintal, but here it ruled firm on encouraging Rajasthan advices.

Mumbai:

Groundnut oil ruled weak on the oil,oilseeds market here today. Castorseed and its oil also reacted amidst expectation of higher new crop following widespread rain in the producing centres, according dealers.Groundnut oil declined by Rs 2 to Rs 563 per 10 kg. Demand turned sluggish. But arrivals were slow and volume trading was dull. In Rajkot groundnut oil ruled steady at Rs 845/850 per 15 kg.

Imported palm oil edged up by a rupee to Rs 376 per 10 kg exclusive of tax on fresh bulk buying. However, October delivery quoted lower at Rs 371/372 on expectation of higher overseas supplies in the coming days, according to importers.

Castor oil nosedived by Rs 17 to Rs 516/528 per 10 kg amidst sluggish overseas interest while higher prices attracted unloading by farmers andstockists. Castor oil ready slumped by Rs 81 to Rs 2,375/2,381 per quintal.

In the futures section castorseed December delivery moved down from Rs 1870 to Rs 1840 but later on short covering took the prices upward to close the session at Rs 1862 per quintal.

In Ahmedabad December delivery opened at Rs 1,922 and reacted to Rs 1,905 before settling at Rs 1,941 per quintal. Ready delivery dropped to Rs 450 per 20 kg. Castor oil fell to Rs 500/510 per 10 kg.

Silver tumbles

Both the precious metals, at the local bullion market suffered losses on Monday on weak Hong-Kong advices.

Silver in Hong-Kong slipped to 495 cents from 504 cents an ounce coupled with slack demand, spot silver .999 fineness slumped to Rs 7450 from Rs 7525 a kg. and silver weekly delivery on unloading by the bulls, tumbled down by Rs 70 at Rs 7475 a kg.

Gold, on the overseas market slipped to $ 291.50 from $ 293.75 an ounce coupled with slack demand, gold biscuit and standard mint gold slipped by Rs 10-15 at Rs 4290 and Rs4300 per 10 gram, respectively. Mumbai: Gold and silver lost fresh ground after recent rally on the bullion market here today.Standard gold reacted by Rs 35 to Rs 4,225 per 10 gm. Gold .22 carat declined by Rs 30 to Rs 3,910 per 10 gm. Prices of gold biscuit (116.50 gm.) fell by Rs 300 to Rs 50,000 per piece. Demand turned dull at higher level following weak global advices. In turn higher supplies prompted selling by banks and local stockists. Silver .999 declined by Rs 40 to Rs 7,540 per kg. In the ready section silver .916 fell by Rs 50 to Rs 7,425 per kg. Industrial and speculative buying petered out at higher level while easy Delhi and overseas advices coupled with continued supplies prompted profit-taking. In the overseas market the white metal dropped to $4.97 as against $5.04 per ounce earlier.

Menthol up

Menthol flake and bold moved up by Rs 9-10 at Rs 400 and Rs 440 per kg. as the inflow declined on account of higher prices observed in the producing marekts.

DMO and mentha oil alsofirmed up by Rs 10-13 at Rs 102 and Rs 300 per kg. and thymol improved by Rs 5 at Rs 295 per kg. Other chemicals were subdued.

Tin ingot declines

Copper and nickel products were placed lower on slack industrial buying while aluminium products were demanded by the consuming units and moved up in the local non-ferrous metals market.

Copper wire bar, rod, wire, utensils, mixed scrap and wire scrap marked down by Re. one per kg. Tin ingot, as it arrived 20-25 tonnes was down by Rs 2 at Rs 273 per kg.

Low business enquiries pulled down nickel plate (4x4) of Inco by Rs 3 at Rs 302 per kg. However, on good demand, nickel plate of Russia (4x4 & 9x9) marked up by Rs 1-2 per kg.

Among aluminium products, rod, utensils and wire scrap marked up by Rs 1-2 per kg. on increased demand. Brass accessories, brass scrap Bharat and brass boring held steady.