Kabligram flared up by Rs 150-200 at Rs 2000-2650 a quintal on higher prices quoted by the Mumbai importers and urad also moved up by Rs 25-30 a quintal. However, gram Rajasthani slumped by Rs 35 at Rs 1260 a quintal and rajmash chitra, despite firm Mumbai advices, was down by Rs 25-50 a quintal due to poor offtake as new crop goods is expected by the first week of next month.About 10-12 containers of red rajmash arrived from Rangoon, which were traded at Rs 1950 a quintal.

Mutard oil spurts up

Present rain was reported favourable for groundnut, castor, sesame, soyabean etc. oilseeds, but palmolein inMalaysia shot upto $692.50 from $680 a tonne, consequently, offerings in edible oils remained negligible.

On encouraging producing centres advices, mustard oil shot up by Rs 50 at Rs 4550 a quintal and in tin, it was quoted at Rs 710-730 against Rs 700-785 a tin. Soyabean oil refined ruled firm at Rs 615-640 and palmolein at Rs 620-635 a tin respectively.

Among industrial oils, linseed oil showed an easy tendency because of poor offtake by paint units. Mahuwa and castor oils also slumped by Rs 50 a quintal due to lack of buying by the stockists.

Mumbai: Groundnut oil extended gains and rose to new peak level on the oil,oilseeds market here today. Castorseed and its oil also bounced back sharply in absence of fresh offerings of nearby supplies coupled with renewed overseas demand.

Groundnut oil lifted from Rs 545 to Rs 550 per 10 kg on negligible inflow followed by shortage of ready stock and steady seasonal demand. Imported palm oil rose by Rs 5 at Rs 363 per 10 kg exclusive of tax on easedsupplies aided by firm dollar value and rally in the world market. In the global market palm oil climbed to $695/700 per tonne for nearby deliveries. Forward deliveries were quoted at $680/660 per tonne.

Castor oil recovered by Rs 7 at Rs 437/449 per 10 kg as fresh overseas enquiries prompted short covering by shippers. In Rotterdum castor oil was placed at $1200 per tonne, it was learnt. Castorseed ready spurted from Rs 1,962/1,968 to Rs 1,996/2,002 per quintal in sympathy.

In the futures section castorseed December delivery jumped up from Rs 1,737 to Rs 1,807 before concluding at Rs 1,796 per quintal on hectic bull buying, besides bears and shippers covering their short position. Today there was no trading in maturing September delivery.

In Gujarat castorseed spot delivery advanced to Rs 385/390 per 20 kg. Castor oil rose to Rs 420/425 per 10 kg. Traders reported poor supplies - 1500/2000 bags of castorseed ready in the Gujarat region.

Silver coins unchanged

Both the precious metals, on theDelhi bullion market showed an easy tendency on Monday.

After couple of days holidays, arrival of imported silver is expected to increase on Monday, consequently, spot silver .999 firmed up by Rs 25 at Rs 7800 a kg. as silver in Hong-Kong slipped by 5 cents to 512 cents an ounce. Silver weekly delivery, on unloading by the bulls, slumped by Rs 40 at Rs 7855 a kg.

Silver coins held steady at Rs 10,500-10,700 per 100 pieces.In the expectations of increased inflow on Monday, gold biscuit slipped by Rs 10 at Rs 4245 and standard mint gold eased by Rs 15 at Rs 4255 per 10 gram. Demand in gold from jewellers remained thin. Gold sovereign remained unchanged at Rs 3475-3500 per 8 gram.

Mumbai: Both the precious metals moved in a narrow range and closed steady on the bullion market here today.

Standard gold maintained at Rs 4,210 per 10 gm. so was gold .22 carat at Rs 3,895 per 10 gm. Prices of gold biscuit (116.50 gm.) closed Rs 100 lower at Rs 49,400 per piece as sluggish demand and weak overseas advicesprompted profit-taking. In the global market gold reacted from $285 to $283.50/283.75 per ounce.

Silver .999 moved in a narrow range and finished steady at Rs 7,900 per kg. In the ready section silver .916 quoted at Rs 7,790 per kg amidst thin trading.

Traders reported scattered industrial buying but sentiment was weak towards close following renewed overseas arrivals and news of bearish overseas market. In the global market the white metal slipped to $5.12/5.13 per ounce.

Caustic soda flakes gains

On higher prices quoted by the producers coupled with stockists buying, caustic soda flakes recorded a gain of Rs 15-20 at Rs 790-805 per 50 kgs. and on firm producing centres advices of UP followed by restricted supply, mentha oil, menthol flake and bold marked up by Rs 2-7 at Rs 315, Rs 422 and Rs 465 a kg. respectively.

DMO and Thymol also recorded a gain of Rs 2-5 per kg. amidst tight supply position. Business remained sluggish due to rainy weather conditions.

Copper slips

On reportsthat HCL reduced issue prices of copper by Rs 7 a kg. consequently, in virgin metals, copper wire bar, rod, copper wire, copper utensils, mixed and copper wire scrap slipped by Rs one a kg.

Similarly, gun metal scrap dipped by Rs 5-6 at Rs 92-100 a kg. due to slack demand coupled with mounting inventories. Likewise brass accessories, Bharat scrap and brass boring slipped by 50 paise to Re. one a kg. due to poor offtake. Offtake in other metals at their previous close remained sluggish.