On consistent inflow of wheat from the neighbouring states, wheat dara hereslipped by Rs 2 at Rs 628-633 a quintal while on Monday, it was priced at Rs638-643 a quintal. Rice permal fell by Rs 15 at Rs 935-1085 a quintal due tosluggish demand from local buyers as well as exporters. Oats were reportedout of stock. Loose oats in Uttar Pradesh mandies were selling at Rs 750-760a quintal. Barnala delivery maize from Bihar was offered at Rs 630 a quintal.Among pulses, business remained sluggish. Gram Madhya Pradesh and Rajasthanslipped by Rs 10 at Rs 1330-1390 a quintal on selling pressure fromRajasthan and Madhya Pradesh.

Red rajmash of Rangoon for May-June shipment were quoted lower from Rs 1520to Rs 1471 a quintal.

Mustard oil declines
Palmolein in Malaysia dipped by $5 to $337.50 a tonne, consequently, mustardand cottonseed oils, here fell by Rs 20-30 a quintal. It was reported thatmustard prices in Haryana and Rajasthan were ruling below the minimumsupport prices of Rs 1100 a quintal which has been agitating the minds ofthe farmers.

According to Mumbai traders, due to mixing of palamolein refined intogroundnut oil, groundnut oil prices in Mumbai were quoted at Rs 3500 andkardi oil at Rs 3100 a quintal while a few years ago, it was carrying ahigher price tag. Palmolein in Mumbai fell by Rs 20 at Rs 2100 a quintalwhile during last month, it was priced at Rs 2400 a quintal.

Mumbai: Groundnut oil closed lower on the oil,oilseeds market heretoday. Castorseed and its oil remained weak in absence of overseas supportcoupled with steady pressure of inflow in the producing centers,particularly in Gujarat, dealers said.

Groundnut oil was down by Rs 5 at Rs 345 per 10 kg. Lack of fresh buyinginterest coupled with renewed arrivls of imported edible oil attributed toweak trend. In Rajkot prices quoted lower by Rs 5 at Rs 615 per 15 kg.Imported palm oil fell by Rs 3 at Rs 209 per 10 kg on weak overseas advicesand improved supplies. In the global market palm oil dropped to $335/337.50per tonne, it was learnt.

Castor oil closed Rs 2 lower at Rs 400/412 per 10 kg. Castorseed ready weredown by Rs 15 at Rs 1,850 per quintal in sympathy. In the futures sectioncastorseed June delivery slid further from Rs 1,882 to Rs 1,870 at one stagebut later on renewed covering by bears influenced the contract upward to Rs1,895 per quintal at the close of the session, floor sources said.

In the international castor oil future market on the other hand, Junedelivery moved down from Rs 419 to Rs 414 per 10 kg.

In Ahmedabad castorseed June delivery recovered to Rs 1,817 and in Rajkot itwas placed at Rs 1,824 per quintal. Traders reported castorseed arrivals of40000/45000 bags in Gujarat.

Silver coins weakens
Gold at the Delhi bullion market recorded gains while silver prices remainedsubdued on Thursday.

Gold, on the overseas market edged up from $277.60 to $278.50 an ounce onsupport from Australian companies coupled with poor inflow on Wednesday,consequently, gold biscuit and standard mint gold edged up by Rs 10 at Rs4370 and Rs 4380 per 10 gram, respectively. Silver prices, at the overseasmarket were arrested at 503 cents an ounce on consistent sale by Chinacoupled with inflow of about 5000 kg imported silver on Wednesday followedby weak demand, spot silver .999 fineness slipped by Rs 10 at Rs 7690 a kgand silver weekly delivery eased from Rs 7730 to Rs 7725 a kg.

Mumbai: Gold and silver ruled firm on the bullion market here today.Standard gold moved up by Rs 15 at Rs 4,380 per 10 gm. Gold .22 carat was upby Rs 10 at Rs 4,050 per 10 gm. Prices of gold biscuit (116.50 gm.) closedRs 50 higher at Rs 51,250 per piece. Physical demand however was at a lowebb but traders reported stray speculative interest for gold amidst tightsupplies and recovery in the overseas market. In the global market gold wentup from $276.30 to $277.50 per ounce.

Meanwhile silver .999 looked up by Rs 5 at Rs 7,920 per kg so was silver.916 at Rs 7,800 per kg. Demand and volume remained low in the silver marketbut shortage of ready stock kept offerings restrictred during the day.Direct inflow of imported silver remained virtually absent due tocontinuation of octroi duty at the rate of 1% by Bombay MunicipalCorporation, it was learnt. Earlier local traders were expecting reductionin octroi duty on silver but later on the Corporation had reduced octroiduty only on gold. In the overseas market the gold remained steady at $5.01per ounce.

Chiraunji tumbles
Cardamom small, at the Delhi spices market further fell from Rs 565-925 toRs 550-920 and cardamom brown dipped from Rs 280-310 to Rs 275-300 a kg dueto dull demand from exporters.

Chiraunji tumbled down from Rs 290-300 to Rs 225-250 a kg on sellingpressure of new crop.

Among dry fruits, dry dates crashed by Rs 100-500 a quintal due to sluggishdemand with rising mercury and copra also fell by Rs 50 a quintal due topoor offtake.