Gnut Oil Steady, Sugar Firm, Bullion Divergent

Groundnut oil ruled overall steady on subdued demand coupled with modest arrivals, whereas other industrial oils ruled easy to steady at the wholesale oils and oilseeds market, Turbhe, Navi Mumbai, yesterday.

Imported palmolein ruled steady on subdued demand against modest arrivals. In future section, castorseeds September contract remained untraded., Groundnut oil held steady and was nominally quoted at Rs 361 per 10 kg. on subdued demand and modest arrivals from the producing centres. Arrivals were put at around 90 tonne a day.

In other oils, mowra oil and sesame oil declined by Rs 5 each to Rs 230 and Rs 285 per 10 kg. respectively on reduced industrial demand coupled with modest arrivals. December contract opened Rs 3 higher at Rs 1164 and firmed up to Rs 1165.50 a quintal. It declined to Rs 1159 before closing at Rs 1164 a quintal.

Sugar : A firm-to-upward trend was witnessed at the wholesale sugar market at Turbhe, Navi Mumbai yesterday. Both the grades ruled firm. The undertone of the market was not firm.

S-30 firmed up to Rs 1510/1525 as against of the previous level of Rs 1502/1530 a quintal on better consumer offtake while M-30 improved to Rs 1530/1550 as against of the previous level of Rs 1525/1550 a quintal on better offtake. Meanwhile, sugar for the check post deliveries were quoted low at Rs 1478/1487 a quintal for S-30 and Rs 1498/1510 for M-30.

Non-ferrous Metals : A steady trend was witnessed in the local non-ferrous market yesterday.. The undertone of the market was hesitant. In the virgin section, overall steady conditions were noticed. The metals were nominally quoted as under : copper wirebar Rs 128, aluminium ingots Rs 78, zinc slabs Rs 86.50, lead ingots Rs 42, tin slabs Rs 285 and nickel cathodes Rs 328 a kg. respectively on narrow movements. In scraps section,l the metals were nominally quoted as under : copper heavy scraps Rs 119.50, copper utensils Rs 109.50, brass utensils Rs 95.50, brass sheetcuttings Rs 100.50 and aluminium utensils Rs 60 a kg. respectively on narrow movements.

Bullion : A divergent trend was noticed in the local bullion market yesterday. Both the precious metals ruled in opposite directions. The undertone of the market was hesitant. In white metals, both the silver.999 and .916 firmed up further by Rs 10 each to Rs 6810 and Rs 6710 a kg. respectively on firm overseas advices, improved industrial demand and restricted arrivals. Delhi advices indicated better trend.

In yellow metals, both - standard gold and 22 carat gold eased by Rs 5 each to Rs 4535 and Rs 4,195 per 10 grammes respectively on subdued demand coupled with modest arrivals.