Wheat lower

Wheat dara marked lower from Rs 525-535 to Rs 520-525 per quintal while new wheat inflow buoyed further while the buying response from the despatchers was quiet poor. Inferior deshi wheat of Rajasthan also slipped by Rs 10 at Rs 625 per quintal. Atta, maida and suji in sympathy declined by Rs 10 per bag. Nearly 2500 bags were sold in maida and suji for Bihar and Bengal. Rice permal was placed lower by Rs 25 on announcement of about 3.75 lakh tonnes basmati sales by the FCI. Among pulses, kabligram, arhar and rajmash marked down by Rs 15-50 on lack of sufficient demand. Maize, on higher Bihar advices edged up by Rs 10 per quintal.

Mustard oil higher

Edible oils, continuedupward march as the professional bull operators turned active in Chennai, Rajkot and Mumbai on higher advices from Malaysia and European markets. Mustard oil in local market shot up by Rs 20 at Rs 3680 per quintal and mill delivery sesame oil flared up by Rs 100-130 at Rs 3900-4100 per quintal as the sesame crop in Bengal was estimated poor.

Mumbai: Castorseeds futures dropped sharply on heavy bull unloading and profit-taking at the oilseeds market here on Friday. Ready oils ruled subdued.

In the futures market, castorseeds June opened lower at Rs 1277 on overnight selling. Later, prices dropped sharply on heavy selling pressure by leading operators to book profits and closed at the day's low level of Rs 1267.50 from the previous close of Rs 1279.50.

The industrial sector ruled weak. Castorseeds and its oil declined due to lack of enquiries. Linseed oil reacted sharply in the absence of buying interest from the paint industry.

Castor oil commercial eased by a rupee to Rs 278 from Rs 279. Castorseedsready Madras softened by Rs 5 to Rs 1238 from Rs 1243 previously. Linseed oil slumped by Rs 5 to Rs 365 from Rs 370. Linseeds ready was quiet at Rs 1400.

Among edible oils, groundnut oil ruled steady at Rs 404 due to supply and demand well matched. Groundnuts ready was quiet at Rs 1970.

Turmeric slumps

Turmeric and zeera prices slumped by Rs 100-200 per quintal as the stockists unloaded to meet financial requirements. Besides, in Nizamabad, turmeric production estimate was hiked to 17 lakh bags. Black pepper golden continued downtrend and slumped by Rs 400 at Rs 20700 per quintal.

Superior poppyseed from Ramganj plummeted by Rs 500 at Rs 17500 per quintal as new poppyseed from Bareilly side was offered at Rs 13000. Dry pomegranteseed and tea edged lower by Rs 5 per kg.

In dry fruits, almond California and its kernel lacked demand and declined. On the other hand, abjosh packed sacks flared up by Rs 800 at Rs 4800 per 40 kgs. on negligible arrivals from Pakistan.

Gold goesup

Silver managed the previous prices while gold edged up on Friday.

Though in New York, silver futures was lethargic at 638 cents per ounce and imported silver also had buoyed from 5000 kgs. to about 15,000 kgs on Thursday, but as there was demand on account of marriage from Rajasthan and Uttar Pradesh, silver ready was offered at the previous rates of Rs 8850 per kg. Silver delivery, however, edged up by Rs 10 at Rs 8840 a kg.

Gold biscuit and standard moved up from Rs 4300-4320 to Rs 4310-4325 per 10 gram on declined inflow of imported gold.

Mumbai: Divergent trend was witnessed in the precious metals at the bullion market here on Friday. Silver reacted moderately owing to lack of industrial buying. Weak overseas advices depressed sentiment.

Silver ready .999 dropped by Rs 30 to Rs 8800 and tenderable silver by the same margin to Rs 8805 as against its last close of Rs 8830 and Rs 8835 respectively. Raw silver .916 fineness slumped by Rs 60 to Rs 8650 from the previous close of Rs8710.

Gold firmed up moderately aided by better overseas advices and on account of seasonal demand. Standard gold improved by Rs 10 to Rs 4270 from Rs 4260. 22-carat gold was nominally quoted higher by same margin to Rs 3950 from Rs 3940. Ten-tola gold bar .999 purity hardened by Rs 200 to Rs 50,100 from the last close of Rs 49,900.

Mentha bold firms up

Titanium dioxide TTK, K. brand and China marked up by Rs 1-3 at Rs 82 and Rs 80 and Rs 78 per kg. on tight indigenous and imported supply while the demand from plastic and paint units was quite good.

Following sluggish advices from Uttar Pradesh and declined arrival from the state, mentha bold firmed up by Rs 8 at Rs 445 per kg. Sodium hydro sulphite Kalali marked down further one per kg. as the manufacturers reduced sales prices. Other chemicals were unchanged.

Zinc slab easy

Tin ingot edged up further on mutual transactions and zinc dross, on declined inflow firmed up by Re 1 per kg. Zinc slab, brass accessories, copper utensils,mixed scrap and accessories eased by 25 paise per kg. Other non ferrous metals were sluggish and unchanged.