On increased inflow of new crop rajmash in Maharashtra coupled with stockists selling, new rajmash chitra, on the local market slided down by Rs 100 at Rs 3200 a quintal. Rajmash which are expected to arrive on Friday were quoted at Rs 3000 a quintal.

On strong demand from Maharashtra and Eastern India buyers, gram dal firmed up by Rs 15 at Rs 1405-1475 a quintal and gram Rajasthani marked up by Rs 25 at Rs 1300 a quintal on good demand from dal millers. Quality arhar further flared up by Rs 50 at Rs 2200 a quintal on firm advices from MP and UP. Superior dal arhar recorded a sharp spurt of Rs 150 at Rs 3150 a quintal. Urad recorded a gain of Rs 25 a quintal.

Common basmati rice flared up by Rs 50-100 at Rs 3600-4200 a quintal due to paucity of quality basmati. Exporters demand in basmati rice was reported good.

Daily arrival of wheat in the local market was reported about 10-12,000 bags, but SouthIndian buyers settled deals for about 3-4000 bags, consequently, wheat dara edged up by Rs 5 a quintal. Suji looked up by Rs 10 at Rs 705 per bag on zooming demand from Maharashtra buyers.

Sunflower oil slumps

Palmolein in Malaysia dipped to $ 732 from $ 740 a tonne, consequently, its prices in Mumbai plummeted to Rs 3760 from Rs 3830 a quintal and in Delhi, palmolein was down by Rs 40 at Rs 4160 a quintal.

Sunflower and cottonseed mill delivery oils prices slumped by Rs 50-100 a quintal due to slack demand from vanaspati millers. Upcountry vanaspati in Delhi flared up by Rs 15-40 at Rs 740-765 a tin. Among industrial oils, linseed oil climbed up by Rs 50 a quintal on good demand from paint units.Mumbai: Groundnut oil reacted further on the oil,oilseeds market here today. Castorseed and its oil on the other hand spurted due to shortage of nearby supplies at the fag end of the season.

Groundnut oil closed Rs 8 lower at Rs 570 per 10 kg. amidst sluggish demand and weak upcountry advices.In Rajkot prices declined by Rs 10 to Rs 835 per 15 kg.

Imported palm oil closed a rupee lower at Rs 377 per 10 kg on continued inflow coupled with weak trend in the world market. In the global market palm oil placed lower at $730/735 per tonne, it was learnt.

Meanwhile castor oil shot up by Rs 11 to Rs 544/556 per 10 kg on fresh covering by shippers. Castorseed ready spurted from Rs 2,456/2,462 to Rs 2,509/2,515 per quintal owing to acute shortage of ready stock.

In the futures section castorseed December delivery lifted up by Rs 28 to Rs 1,928 per quintal on higher Ahmedabad advices. In Ahmedabad December delivery opened at Rs 1,982 and slipped to Rs 1,965 but later on recovered to Rs 2,016 before concluding at Rs 2,013 per quintal, it was gathered.

Sugar slips

Though local and UP parties settled deals for about 30-40,000 bags of sugar from mills in co-operative and public sector, yet mill delivery sugar prices slipped by Rs 5-10 at Rs 1300-1425 a quintal on selling pressure. Kichha sugarwas traded at Rs 1330, Chandpur at Rs 1310, Gadarpur at Rs 1305, Nadhai at Rs 1303 and Bajpur was offered at Rs 1300 a quintal.

Daily arrival of new gur in Hapur mandi was about 100 mound and its prices there slipped to Rs 401 from Rs 431 per mound.

Gold up slightly

Silver, on the local bullion market showed a smart rally and gold also revealed a firm tendency on Thursday.

New York silver future, on hectic buying by the bulls, improved to 498 cents from 488 cents an ounce, consequently, spot silver .999, on the local market improved by Rs 90 at Rs 7460 a kg. and silver weekly delivery, on speculative buying and selling, flared up by Rs 65 at Rs 7475 a kg.

Gold, on the overseas market, improved to $ 286.25 from $ 285 an ounce, consequently, gold biscuit and standard mint gold edged up slightly by Rs 5 at Rs 4215 and Rs 4225 per 10 gram, respectively. Mumbai:Gold and silver prices bounced back from the reduced level on the bullion market here today. Silver .999 jumped up by Rs 100 to Rs 7,450per kg. In the ready section silver .916 gained by Rs 115 to Rs 7,380 per kg. Industrial and seasonal demand turned active at the lower level while eased supplies and higher overseas advices pushed prices upward, according to dealers. Delhi was firm while in the global market silver edged up by 10 cents to $4.97 per ounce.Standard gold moved up by Rs 10 to Rs 4,185 per 10 gm. Gold .22 carat rose by same margin to Rs 3,870 per 10 gm. Prices of gold biscuit (116.50 gm.) lifted by Rs 300 to Rs 49,300 per piece. Seasonal demand improved at the lower level while firm overseas advices kept offerings limited. In the global market the yellow metal shot up from $283.75 to $286.35 per ounce.

Boric acid spurts

Mostly chemicals moved up in the local market on tight ready stock and increased demand. Boric acid technical shot up by Rs 100 at Rs 2800-2900 per 50 kgs. bag. As import became costlier, tartaric acid France edged up by Rs 4 at Rs 460 per kg.

Sodium hydro sulphite of Tamilnadu, Acid slurry soft,menthol bold and thymol too declined by Rs 1-5 per kg. Hydrogen peroxide and mentha oil marked lower by 50 paise to Re. one per kg. DMO, on the other hand, firmed up by Rs 3 at Rs 95 per kg.

Aluminium rod declines

Zinc products flared up while aluminium products registered a sharp decline in the local market. Mutual trading led to a rise of Rs 1.50 in zinc slab, which was traded at Rs 80 per kg.

Tin ingot also edged up by Re. one per kg. on declined wholesale stock. Aluminium rod marked down further by Rs 2 at Rs 88 per kg. LP grade aluminium wire bar moved down by Re. one at Rs 84 per kg. following inflow from Hindalco and Balco. Aluminium utensil, wire scrap and sheet cutting were down by Re. one per kg.