As against this, gram, despite inflow of about 25 lorries, flared up from Rs 1500-1570 to Rs 1550-1600 a quintal because of speculative buying and selling. Gram dal prices firmed up by Rs 40 at Rs 1725-1750 a quintal due to firm gram prices. Rice permal held steady on arrival from Raipur.

Cottonseed oil declines
On floating of a tender by the State Trading Corporation and MMTC will discuss issue of palmolein and crude-palm oil purchase on barter basis, consequently, mill delivery edible oils prices revealed an easy tendency. Cottonseed oil fell by Rs 20 a quintal and prices of other oils, in edible section, revealed an easy tendency due to weak demand from UP vanaspati mills.

Among industrial oils, linseed oil flared up by Rs 50 at Rs 2650 a quintal on firm Mumbai advices and in tandem with mustard oil. On inflow of neem oil from Andhra and Karnataka, rice bran oil from Punjab, Haryana and UP and palmfatty acid from Kandla, their prices fell sharply by Rs 25-50 a quintal. Mahuwa seed prices fell by Rs 100 at Rs 1100-1150 a quintal on selling pressure of new crop seeds.

Mumbai--
Groundnut oil slipped further on the oil,oilseeds market here today. Castorseed and its oil placed steady in the ready delivery and prices remained weak in the forward section.

Groundnut oil fell from Rs 408 to Rs 401 per 10 kg on account of sluggish demand while continued supplies from southern India further depressed the market sentiment. In Rajkot prices moved down to Rs 645/650 per 15 kg owing to panic selling by millers in the wake of stringent measures taken by the State government of Gujarat to curb price rise, it was gathered.

Imported palm oil slid by Rs 2 at Rs 226 per 10 kg following weak overseas advices. In the international market palm oil settled lower at $312.50 per tonne for nearby delivery and at $315/322.50 for forward delivery, it was learnt. Castor oil was quiet at $374/386 per 10 kg so was castorseed ready at Rs.1,720 per quintal.

In the forward section, castorseed September delivery slid further to Rs 1,725 ( Rs.1,731) before closing the day at Rs 1,729 per quintal owing to limited trading. Maturing June delivery remained unquoted. Castor oil August delivery was steady at Rs 386 per 10 kg.

In Ahmedabad castorseed September delivery closed lower at Rs 1,737 and in Rajkot at Rs 1,724 per quintal. Castorseed arrivals were placed at 11000/12000 bags in Gujarat, according to traders.

Gold sovereign remains static
Both the precious metals, silver and gold, showed signs of improvement on Tuesday on overseas advices.Gold in London, on speculative support improved from $282.50 to $284.50 an ounce coupled with firm dollar in the forex, gold biscuit and standard mint gold here edged up by Rs 15 at Rs 4540 and Rs 4550 per 10 gram, respectively. Demand in gold from upcountry buyers remained dull.

Gold sovereign, however, remained unchanged at Rs 3800-3825 per 8 gram.New York silver future improved from 493 cents to 497 cents an ounce and inflow of imported silver was reported more than 3000 kg on Monday, but in the absence of sale by importers, spot silver .999 fineness improved from Rs 7785 to Rs 7815 a kg.Mumbai-- Gold and silver prices recovered some of the recent losses on the bullion market here today.

Standard gold looked up by Rs 15 at Rs 4,545 per 10 gm. Gold .22 carat was up by Rs 10 at Rs 4,200 per 10 gm. Prices gold biscuit (116.50 gm.) closed Rs 150 higher at Rs 53,150 per piece. Physical buying for gold was low but tight supplies and encouraging global advices coupled with modest rise in dollar value against rupee prompted speculative interest in the local market here. In the global market gold looked up from $283.20 to $284.05 per ounce, it was learnt.

Meanwhile silver .999 went up by Rs 40 at Rs 7.955 per kg. Silver .916 was up by Rs 10 at Rs 7,830 per kg. in sympathy. Traders reported fresh industrial buying for silver at lower level while lack of fresh supplies coupled with shortage of ready stock and higher Delhi and overseas advices kept offerings limited. In the global market silver rose from $4.96 to $4.99 per ounce.Spot sugar slips
Business in mill delivery sugar remained sluggish on Tuesday, as demand from Punjab, Haryana, etc at present prices remained dull.In a limited activity, Rudra sugar was traded at Rs 1420, Bagpat Rs 1455, Anupshahar Rs 1433, Gajroula at Rs 1438, Morena Rs 1448 and Ghaghra Rs 1433 a quintal.Spot sugar prices slipped from Rs 1750 to Rs 1740 a quintal.