Masoor flared up from Rs 1750-1950 to Rs 1775-2000 a quintal and dal masoor recorded a sharp rise of Rs 25-50 at Rs 2050-2700 a quintal as import of kabligram and masoor is likely to suffer a setback in view of devastating earthquake in Turkey.

Gram Rajasthani shot up by Rs 70 at Rs 1360 a quintal due to restricted supply from Rajasthan. Gram dal went up by Rs 35-60 at Rs 1420-1560 a quintal on strong demand from upcountry buyers. Non-basmati rice slipped by Rs 10-15 a quintal. Suji firmed up by Rs 15 at Rs 800 per bag on good demand.

Edible oils flare up

Palmolein in Malaysia went up by $12.50 to $417.50 a tonne, consequently, major mill delivery oils, in edible section, started boiling and recorded a sharp spurt of Rs 50-100 a quintal. Maximum rise was seen in mustard oil, which in a fortnight shot up by Rs 800 at Rs 4000 and mustard flared up by Rs 400 at Rs 1800 a quintal. Sharp upsurge in mustard and its oil could be attributed to holding of stock by the farmers.

Tax-paid vanaspati moved up from Rs 525-580 to Rs 550-590 per 15 kg tin. Palmolein was up by Rs 50 at Rs 3050 a quintal and moved up by Rs 20 a tin. Castor oil climbed up by Rs 50 at Rs 4050-4350 a quintal on firm Mumbai advices.

Mumbai: Groundnut oil spurted as prices crossed Rs 400-mark on the oil,oilseeds market here today. Castorseed and its oil lost gained grounds on profit-taking in the ready delivery while forward market was firm.Groundnut oil finished Rs 5 higher at Rs 405 per 10 kg following tight supplies from Saurashtra. Stockists however remained active buyers in the wake of lower rainfall in the producing centers, it was learnt. In Rajkot prices maintained at Rs 635/640 per 15 kg.

Imported palm oil climbed by Rs 10 at Rs 265 per 10 kg on thin overseas supplies. In the global market palm oil finished lower at $415 as against $425 per tonne earlier for nearby delivery and long delivery was available at $420 per tonne, it was learnt.

Castor oil fell by Rs 4 at Rs 406/418 per 10 kg on demand resistance by overseas buyers. Castorseed ready was down by Rs 20 at Rs 1874/1880 per quintal on profit-taking.

In the future section castorseed September delivery lifted up from Rs 1,902 to Rs 1,921 per quintal on steady bull buying and newly commenced December delivery opened at Rs 1,876 but closed higher at Rs 1,881 per quintal.In Ahmedabad September delivery placed at Rs 1,874.50 and in Rajkot it was quoted at Rs 1,915 per quintal.

In the international castor oil future market October delivery moved up by Rs 7 at Rs 420 and December delivery by Rs 2 at Rs 364 per 10 kg.

Gold sovereign static

Divergent conditions were seen at the local bullion market on Wednesday.Following intervention by the US, sale of gold by the IMF is held in the doldrum, consequently, gold in London firmed up by $2.5 to $261.75 an ounce, consequently, gold biscuit and standard mint gold went up by Rs 30 at Rs 4100 and Rs 4110 per 10 gram, respectively. Supply from importers remained negligible.

Gold sovereign, however, remained unchanged at Rs 3625-3650 per 8 gram.Though New York silver future showed signs of improvement at 526 cents an ounce, yet, spot silver .999 fineness dipped by Rs 15 at Rs 7975 per kg on inflow of 5000 kg imported silver on Tuesday. Silver weekly delivery slipped by Rs 5 at Rs 7975 a kg in tandem. Upcountry demand in silver was reported poor due to rainy weather conditions.

Silver coins held steady at Rs 10,500-10,700 per 100 pieces.

Mumbai: Gold prices bounced back while silver closed on a mixed note on the bullion market here today.

Standard gold moved up by Rs 25 at Rs 4,145 per 10 gm. Gold .22 carat was up by same margin at Rs 3,835 per 10 gm. Prices of gold biscuit (116.50 gm.) hardened by Rs 200 at Rs 48,400 per piece. Traders reported fresh physical demand for gold ahead of festival season while tight overseas supplies and uptrend in the global prices kept offerings restricted. In the global market gold looked up from $259.50 to $261.95 per ounce.

Meanwhile silver .999 recovered by Rs 20 at Rs 8,150 per kg amidst thin supplies coupled with recovery in the global market. Silver .916 was down by Rs 10 at Rs 8,000 per kg on fresh inflow of raw silver from local sources. Traders reported volume of 525/580 kg of silver during the day. In the global market silver placed 4 cents up at $5.25 per ounce.

Uptrend persists in nickel plate

Zinc dross marked up by 25 paise per kg on demand from brass makers of Moradabad. Nickel plate continued uptrend and (4x24) of Inco gained further by Rs 4 at Rs 422 per kg on increased offtake. On the other hand, lead ingot desi soft and hard, copper scrap, copper wire bar, rod, its wire and tin ingot were easy by 50 paise to Re one per kg on sluggish offtake. Zinc slab also went down by 25 paise per kg due to lack of buying interest.