Similarly, dal urad, as per quality, plummeted by Rs 50 at Rs 1700-2550 and arhar of UP and Maharashtra slid down from Rs 1650-1900 to Rs 1500-1825 a quintal in the expectations of increased inflow. Dal arhar also suffered a sharp setback of Rs 50 a quintal. Grm Rajasthani improved by Rs 15 a quintal due to restricted supply.

Among cereals, common basmati of UP plummeted by Rs 100 at Rs 2900-3400 a quintal on selling pressure. Demand from exporters in non-basmati rice remained dull as prices offered by Pakistan, Thailand and Vietnam wee lower than India. White jowar recorded a gain of Rs 25 a quintal on stockists buying.

Mustard oil tumbles

On reports of inflow ofnew mustard in Western India and MP and mustard oil tumbled down by Rs 500 at Rs 4300 per quintal and mustard fell by Rs 50 a quintal. Output of mustard is expected to touch 60 lakh tonnes mark from 49 lakh tonnes provided the weather conditions remain favourable.

Soyabean and cottonseed oils ruled easy while sesame oil recorded a sharp rise of Rs 250 at Rs 4750 a quintal amidst tight supply position. Industrial oils prices remained subdued on increased inflow in the producing areas coupled with slack demand from consuming industries.

Mumbai:Groundnut oil extended losses on the oil, oilseeds market here today. Castorseed and its oil also suffered in absence of overseas support as fresh arrivals picked up in the producing centres.

Groundnut oil edged down by a rupee to Rs 414 per 10 kg following sluggish buying interest. But eased supplies kept offerings limited, dealers said. In Rajkot it was subdued at Rs 630/635 per 15 kg. Steady purchases by state-run National Diary Development Board fail to cheer upthe market sentiment, according to dealers.

Imported palm oil moved down a rupee at Rs 332 per 10 kg exclusive of tax on account of steady inflow and subdued trend in the global market. Castor oil eased by Rs 2 to Rs 370/384 per 10 kg amidst thin export enquiries.

Castorseed ready dropped by Rs 10 at Rs 1674/1680 per quintal nominally in sympathy.

In the futures section castorseed March delivery reacted from Rs 1529 to Rs 1512 before closing at Rs 1514 per quintal as weak Ahmedabad advices triggered fresh bull unloading, floor sources said. In Ahmedabad February delivery closed lower at Rs 1558.50 and in Rajkot at Rs 1554 per quintal.

Arrivals of castorseed in the Gujarat region picked up to 30000/35000 bags, it was learnt.

Sugar remains easy

Mill delivery sugar prices continued to rule easy as hike in import duty will not have any impact on import. Business in mill delivery sugar of co-operative and officials sugar mills remained sluggish as quality of sugar was reported poor. Scattereddemand in mill delivery sugar Mawana was reported at Rs 1460, Simbhauli with moisture at Rs 1330 and Agota new at Rs 1375 a quintal. Upcountry demand remained dull on account of Id.

In the expectations of increased arrival of gur due to improved weather conditions, gur dhaiya and khurpa plummeted by Rs 50 at Rs 1100-1200 a quintal as stockists demand in gur was reported poor.

Gold steady

Business, on the local bullion market remained sluggish on account of Id.Though arrival of imported silver on Tuesday was about 10,000 kg yet, spot silver .999 fineness improved by Rs 5 at Rs 7655 a kg as New York silver future improved by 2 cents at 512 cents an ounce while silver weekly delivery slipped by Rs 5 at Rs 7665 a kg on profit-taking selling due to tight money market conditions. Silver coins remained unchanged at Rs 10,400-10,500 per 100 pieces.

Gold, on the overseas market showed improvement at $ 287.50 an ounce coupled with inflow of about 800 kgs of gold on Tuesday, even then, gold biscuit andstandard mint gold held steady at Rs 4375 and Rs 4385 per 10 gram respectively due to tight money market conditions as Banks remained closed on account of Id. Gold sovereign also held steady at Rs 3725-3750 per 8 gram.

Mumbai: Gold and silver prices moved in a narrow range and closed on a mixed note on the bullion market here on Tuesday.

Standard gold ruled steady at Rs 4,360 per 10 gram so was gold .22 carat at Rs 4,035 per 10 gram as slow seasonal demand matched with tight overseas supplies. Prices of gold biscuit (116.50 gram) rose by Rs 50 to Rs 51,150 per piece aided by firm trend in the overseas market. In the global market the yellow metal placed higher at $287.50 as against $286.90/287 per an ounce earlier.

Silver .999 on the other hand moved in both ways and closed Rs 5 higher at Rs 7,750 per kg. Silver .916 was down by Rs 10 at Rs 7,600 per kg following pressure of unloading of inferior quality silver from China.

The city market had received about 1800/2000 kg of Chinese silver onMonday, dealers said. In the international market the white metal ruled steady at $5.12/5.13 per an ounce.