Urad, at the local market flared up from Rs 2150-2475 to Rs 2200-2500 a quintal on encouraging Mumbai advices. Demand in masoor from exporters was reported poor while small grain kabligram went up by Rs 50 a quintal on better upcountry demand.

Among cereals, rice permal further fell from Rs 950-1125 to Rs 940-1100 a quintal on inflow of railway rake from Andhra Pradesh. Though arrival of wheat fell from 17,000 bags to about 14,000 bags, yet demand in wheat from millers remained sluggish. Oats prices firmed up by Rs 25 at Rs 850-875 a quintal on strong demand from tenderers.

Edible oils slip
Major mill delivery oils, in edible section slipped by Rs 10 a quintal on weak Malaysia advices. On inflow of mahuwa oil from Raipur, linseed oil from Kanpur and castor oil from Rajasthan and Gujarat, their prices, showed a declining tendency.

Castor oil BSS grade fell from Rs 4000 to Rs 3800 per quintal. Soya DOC flared up by Rs 200 at Rs 9700 and groundnut DOC recorded a sharp rise of Rs 300 at Rs 9100 a tonne on zooming demand due to drought conditions in a few states coupled with fall in output.

Mumbai: Groundnut oil maintained at the reduced level on the oil, oilseeds market here on Wednesday. Castorseed and its oil, however, slipped further amidst continued pressure of supplies while overseas buyers were stayed away in the falling market, according to dealers.

Groundnut oil ruled quiet at Rs 355 per 10 kg. Supplies were tight but lack of fresh buying interest kept prices in a narrow trading range. In Rajkot the trend was subdued as prices placed at Rs 600-605 per 15 kg.

Imported palm oil ruled steady at the lower level of Rs 208 per 10 kg as expected hike in import duty coupled with bullish dollar value arrested fresh offerings by Indian importers at lower level. In the global market palm oil quoted lower at $300 before settling at $305 per tonne for the nearby delivery. Long deliveries were placed at $307.50-310 per quintal.Castor oil slide by Rs 2 at Rs 377-389 per 10 kg. Castorseed ready dropped by Rs 10 at Rs 1,735 per quintal in sympathy.

In the future section castorseed June delivery remain untraded ahead of delivery period. September delivery declined from Rs 1,750 to Rs 1,732 per quintal. In the international castor oil future market, June delivery was not traded while August delivery was steady at Rs 393 per 10 kg.

In Ahmedabad castorseed June delivery closed lower at Rs 1,643 and September delivery at Rs 1,721 per quintal, respectively. Fresh inflow of castorseed in Gujarat region were placed at 35,000-40,000 bags on Wednesday.

Sugar firm
On emergence of strong upcountry demand, mill delivery sugar prices, at the local market revealed a firm tendency.

Mawana sugar moved up from Rs 1580 to Rs 1590 a quintal. Dhanoura sugar was traded at Rs 1433, Douralla Rs 1475 and Bundki Rs 1432 a quintal. Apart from this, first week delivery Rudra and Gadarpur sugar were traded at Rs 1390 and Kesar at Rs 1405 a quintal.

Turmeric tumbles
Turmeric prices, as per quality, in the Delhi spices market tumbled down by Rs 100 at Rs 1900-3600 a quintal due to sluggish demand from exporters, while cloves and cinnamon revealed a firm tendency. Mace ruled easy due to poor offtake. Import of these spices was hit hard due to firm dollar.

Among dry fruits, Indian kishmish green fell sharply by Rs 200-400 at Rs 2400-3800 per 40 kg as demand during summer remained negligible. Similarly, almond California plummeted by Rs 100 per 40 kg and dry dates crashed by Rs 100-500 a quintal due to dull demand.

Gold sovereign static
Both the precious metals, silver and gold, at the Delhi bullion market ruled easy on Wednesday on overseas advices.

Gold in London slipped from $273.25 to $272.25 an ounce, consequently gold biscuit and standard mint gold here slipped by Rs 10 at Rs 4370 and Rs 4380 per 10 gram, respectively.

Gold sovereign, however, held steady at Rs 3775-3800 per 8 gram due to paucity of ready stock.

New York silver future slipped from 494 cents to 491 cents an ounce due to lack of support from investors coupled with inflow of 5000 kg of imported silver on Tuesday as against 2000 kg, consequently spot silver .999 fineness slipped by Rs 10 at Rs 7710 a kg and silver weekly delivery also suffered a mild loss of Rs 10 at Rs 7730 a kg. Upcountry demand in silver was reported poor.

Silver coins held steady at Rs 10,700-10,800 per 100 pieces.

Mumbai: Gold moved in a restricted range on the bullion market here on Wednesday and finished marginally weak and raw silver closed firm, but ready silver and tenderable silver held steady.

Gold moved down due to fall in Hong Kong prices where it slipped down to $272.30-272.80 per ounce from the previous day's close of $274-274.50 an ounce, dealers said.

In the local market, standard gold resumed steady at Rs 4380, but eased towards the fag-end and closed at Rs 4375, showing a small fall of Rs 5 over the last close of Rs 4380. 22-carat gold was nominally quoted weak at Rs 4045 from the previous close of Rs 4050 and ten-tola gold bar (.999 purity) lost Rs 200 at Rs 51,200 from the previous close of Rs 51,400.

Raw silver (.916 fineness) firmed by Rs 30 to Rs 7750 from the last level of Rs 7720. However, ready silver (.999 fineness) and tenderable silver held steady at Rs 7850 and Rs 7855, respectively.