On encouraging Mumbai advices, urad Rangoon and Maharashtra moved up by Rs 35 at Rs 1910 and Rs 2035 per quintal, respectively and masoor was also quoted higher as stockists were expecting demand from the importing countries. As against this, on stockists offerings due to tight money market conditions, kabligram indigenous and Turkey fell sharply by Rs 100-150 at Rs 2400-3050 a quintal and rajmash chitra slumped by Rs 50-100 a quintal due to dull demand from Punjab and Haryana buyers. Re-sale prices of rajmash chitra by Nafed reduced from Rs 1650 to Rs 1550 a quintal.

Among cereals, roller flour mill atta, maida and suji slipped by Rs 5-8 at Rs 675, Rs 725 and Rs 730 per bag, respectively due to weak demand from eastern and western India.

Palm oil declines
Despite firm Chicago soya complex advices, mill delivery palm oil prices fell from Rs 1900 to Rs 1820 a quintal and soyabean and cottonseed oils plummeted by Rs 20-40 a quintal due to lack of buying by vansapati millers.Among oilseeds, mustard laha fell by Rs 25 a quintal as arrival of new mustard in northern India was picking up gradually.

Mumbai: Groundnut oil eased further on the oil, oilseeds market here on Tuesday. Castorseed and its oil on the other hand bounced back on renewed covering by bears and shippers at lower levels.

Groundnut oil closed Rs 5 lower at Rs 370 per 10 kg on brisk new crop supplies while physical buyers were stayed away from the falling market. In Rajkot prices quoted lower by Rs 5-10 at Rs 585-590 per 15 kg, it was learnt.Imported palm oil placed a rupee lower at Rs 207 per 10 kg in absence of buying interest. Malaysian market was closed on Tuesday.

Castor oil moved up by 50 paise at Rs 355.50-367.50 per 10 kg. Castorseed ready rose by Rs 3 at Rs 1622-1628 per quintal.

In the futures section castorseed March delivery advanced to Rs 1649 from Rs 1,623 before settling at Rs 1,642 per quintal. In Ahmedabad April delivery placed higher at Rs 1,612 and in Rajkot at Rs 1,614.50 per quintal, respectively.

Gur easy
Business in mill delivery sugar remained dull on release of 25,000 tonnes higher free-sale sugar quota for current month to 8.25 lakh tonnes. New free-sale quota sugar of Bulandshahr and Amroha was quoted at Rs 1360 and Ramala at Rs 1340 a quintal.

Millers have been permitted to sell left over free-sale sugar quota of January by February 7.

Gur fell by Rs 25 a quintal due to poor offtake.

Cardamom small moves up
On incessant firm auction centres advices of the south, cardamom small further moved up from Rs 550-775 to Rs 570-790 a kg while on January 20, it was priced at Rs 330-700 a kg. Export prices of robin quality cardamom small in Guatemala moved up from $8 to $12 a kg. Mace Singapore and cardamom brown edged up by Rs 5-15 a kg on better offtake.

Silver steady
Gold at the Delhi bullion market showed a mild recovery while silver held steady on Tuesday.

Gold, on the overseas market improved from $283 to $283.65 an ounce coupled with firm dollar vis-a-vis Indian rupee, gold biscuit and standard mint gold improved by Rs 10 at Rs 4460 and Rs 4470 per 10 gram, respectively. The marriage season will last till June, therefore, demand from jewellers is expected to continue. Gold sovereign remained unchanged at Rs 3800-3850 per 8 gram.

New York silver future held steady at 527 cents an ounce coupled with fall in imported arrival from 5000 kg to 2000 kg, spot silver .999 fineness after mild variation, held steady at its previous close of Rs 7960 a kg and silver weekly delivery also remained unchanged at Rs 7980 a kg. Demand in silver was reported from Rajasthan, Uttar Pradesh and Calcutta. Silver coins remained unaltered at Rs 11,000-11,200 per 100 pieces.

Mumbai: Firm trend was witnessed at the bullion market here on Tuesday.

Standard gold moved up by Rs 10 at Rs 4,510 per 10 gram. Gold 22-carat was up by same margin at Rs 4,170 per 10 gram in sympathy. Prices of gold biscuit (116.50 gram) lifted by Rs 50 at Rs 52,600 per piece. Fresh seasonal buying for ongoing wedding season was attributed to upsurge, according to dealers. Besides uptrend in dollar value against rupee and prevailing bullish overseas advices also kept offerings remain limited. Frequent enquiries and raids carried out by tax officials in the Bombay bullion market has further restricted the inflow considerably. In the global market the yellow metal placed higher at $283.85 ($283.15) per an ounce.

Meanwhile silver .999 shot up by Rs 20 at Rs 8,170 per kg. Silver .916 was hardened by same margin at Rs 8,030 per kg. Industrial demand was thin fresh seasonal buying coupled with acute shortage of ready stock and higher Delhi advices kept offerings limited. In the global market silver slide from $5.27 to $5.25 per an ounce, it was learnt.