Among pulses, arhar Maharashtra further fell by Rs 15 at Rs 1650-1685 a quintal due to weak demand from dal millers as demand from eastern India remained dull. Moong chhilka and dhoya dal also revealed an easy tendency. Rajmash chitra, on reports of expansion in area in Maharashtra showed a declining tendency.

Sesame oil tumbles
Mustard and sunflower oils, in edible section improved by Rs 10-30 a quintal amidst tight supply position from the producing mandies. It was reported that central sugar and vanaspati directorate have directed the vanaspati mills that they must use mandatory percentage of sesame and other indigenous oils for the manufacture of vanaspati.

Mustard laha flared up by Rs 35 at Rs 1300 a quintal on firm Rajasthan and Haryana advices coupled with good demand from millers while on inflow of two lorries of sunflower seeds from UP, they were traded at Rs 800 a quintal while Punjab-Haryana sunflowerseeds were priced at Rs 1000-1050 a quintal. Sesame oil tumbled down by Rs 50 at Rs 2600 a quintal due to lack of buying by the vanaspati millers.

Mumbai: Castorseed futures prices shot up further on heavy stockists' buying and closed with handsome gains. Elsewhere, imported palm oil eased on weak overseas advices, while castor oil commercial recovered on poor stock position.

Castorseed September contract resumed with overnight strength at Rs 1646 and shot up further to close at the day's highest level of Rs 1671, showing a steep rally of Rs 37 over the previous close of Rs 1634.

Imported palm oil showed a fresh fall of Rs 2 at Rs 216 from the last close of Rs 218, while groundnut oil held steady at Rs 400 on restricted activity.Castor oil commercial recovered smartly by Rs 3 to close at Rs 361 from the previous close of Rs 358 and castorseed Madras firmed up to Rs 1655 from Rs 1640. However, linseed oil remained unchanged at Rs 305.

Sugar easy
Spot and mill delivery sugar prices revealed an easy tendency on inflow of one rake of sugar from Hyderabad and Tugalkabad delivery sugar prices were quoted at Rs 1560 a quintal.

Next week delivery prices by the millers were quoted higher on firm advices from Maharashtra. Kesar Baheri sugar on Thursday were traded at Rs 1410 a quintal.

Turmeric declines
Black pepper No. 12, at the Delhi spices market slipped by Rs 5 at Rs 270 a kg due to weak demand from exporters as prices offered by Indonesia were reported lower. Similarly, turmeric Nizamabad Gatha and finger tumble down by Rs 100 at Rs 1650-2700 a quintal due to sluggish demand from exporters.

Among dry fruits, superior fig further tumbled down by Rs 200 at Rs 6000 per 40 kg due to dull demand and pistachio Irani dipped by Rs 8 at Rs 400 a kg due to poor offtake.

Bullion suffers
Both the precious metals, at the Delhi bullion market suffered losses on Thursday on overseas advices.

On selling pressure, gold in London fell from $287 to $284.35 an ounce, consequently, gold biscuit and standard mint gold fell by Rs 30 at Rs 4560 and Rs 4570 per 10 gram, respectively as demand from jewellers remained sluggish. Gold sovereign also fell by Rs 25 at Rs 3800-3825 per 8 gram.

New York silver future slipped from 501 cents to 499 cents an ounce coupled with inflow of about 5000 kg silver on Wednesday, as a result, silver .999 fineness eased by Rs 5 at Rs 7810 a kg and silver weekly delivery lost Rs 4 at Rs 7836 a kg.

Silver coins remained unchanged at Rs 10,700-10,800 per 100 pieces.

Mumbai: Gold prices declined further sharply on the bullion market here on Thursday due to weak overseas advices coupled with poor local buying and silver also closed weak.

Gold slid in Hong Kong and London with the yellow metal falling to $284.70-285.20 per ounce from the previous close of $287.50-288 an ounce and in London, it was fixed sharply weak at $285.40 per ounce from $287.70 an ounce due to lack of buying interest.

Dealers attributed the global fall in gold prices to the ongoing fall in oil prices, rise in US dollar against most of the major world currencies and the forthcoming gold auction by Bank of England on July 12.

At the local market, standard gold fell sharply by Rs 15 to Rs 4560 from the last close of Rs 4575. 22-carat gold was nominally quoted weak at Rs 4220 from Rs 4230 and ten-tola gold bar (.999 purity) declined steeply by Rs 250 to Rs 53,400 from the previous close of Rs 53,650.

Ready silver (.999 fineness) and tenderable silver fell to Rs 7990 and Rs 7995, respectively from the last close of Rs 8005 and Rs 8010. Raw silver (.916 fineness) fell moderately by Rs 5 to Rs 7865 from Rs 7870.