Bullion Steady, Groundnut Oil Stable, Rice Firm

Later, with the fall in prices abroad, it dropped to end at Rs 5,140. Gold 22 carat hovered between Rs 4,780 and Rs 4,755. Gold official biscuits dropped from Rs 60,450 to Rs 60,100.

Ready silver .999 fineness resumed last week Rs 5 higher at Rs 6,975, but drop-ped to Rs Rs 6890, after touching a high of Rs 6980. It ended the week at Rs 6900 per kg.

Oilseeds: Castorseed futures ruled quiet on the oilseeds market last week. Castorseed December commenced last week at Rs 1,111, which was the previous close, and early Monday touched a high of Rs 1,114. Castorseed Madras small, fluctuated between Rs 1,087 and Rs 1078 per quintal in the spot section. Castor oil commercial eased from Rs 246.50 to a low of Rs 244.50 per 10 kg. Groundnut oil prices stabilised due to good festival demand and supplies of about 150 tonnes a day from Saurashtra. From Rs 385 an the end of the previous week, it started last week at Rs 382 and settled at Rs 376.

 

Palmoleine was up at Rs 260 per 10 kg, from the previous low of Rs 260 on reduced stocks and higher Malaysian advices.

Grains: A firm tendency in rice was the highlight trading on the Mumbai grains market last week.

Wheet inferior meant for flour mills ruled easy on account of good supplies. Prices receded by about Rs 25 at Rs 660-675 per quintal. Ganganagar wheat ruled at Rs 775-790, MP-147 at Rs 800-950 and Shihori pissie at Rs 950-1,300 per quintal.

Prices of old rice firmed up on moderate demand. At the same time, Kartak Poonam delivery Gujarat rice was transacted at Rs 1200-1225. FCI auction two-year old fetched Rs 675-750 and SLO Rs 825-875, Gujarat-17 at Rs 1,300-1,500 and Kolaba kolam at Rs 1,600-2,000. Overall activity was at a low ebb.

Among pulses, gram was steady at Rs 1,150-1,200 and moong at Rs 1,400-1,550.

Urad was easy at Rs. 1,200-1,300, peas green at Rs 1,451-1,481 and white at Rs 1,275.Tur fetched Rs 1,535-1,540 and masoor at Rs 1,700-1,725. The demand was very subdued.

Sellers were keen on disposing of stocks, while traders were worried over the undue delay in the payments by upcountry traders.