In futures section, December contract opened lower and eased further towards closing.
Groundnut oil softened by Re 1 at Rs 412 per 10 kg on easy demand and increased arrivals of soyaoil and groundnut oil at the producting centres.
Arrivals from the producing centres to the market remained brisk. Stockists turned sellers.
In other oils, copra oil white declined by Rs 15 at Rs 545 per 10 kg on reduced demand as against improved availability of ready stock. Karanji oil improved by Rs 3 to settle at the end of the day at Rs 188 per 10 kg on better demand and reduced arrivals from centres.
Mowra and neem oils declined by Rs 3 and Rs 6 respectively to Rs 262 and Rs 170 per 10 kg on poor buying support at the improved level, while rapesseed oil refined eased by Rs 2 at Rs 298 per 10 kg.
Imported palmolein eased by Rs 2 at Rs 264 per 10 kg on moderate demand at low level. Meanwhile, majority of other oils ruled overall steady on narrow movements.
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In futures section, December contract opened Rs 2 lower at Rs 1,123 per quintal and later improved to Rs 1,126. It declined and closed at Rs 15 per quintal.
In oilseeds, castorseeds Madras and Maharashtra qualities declined by by Rs 5 per quintal to Rs 1,090 and Rs 1,984 respectively on dull offtake. Meanwhile, all the other oilseeds ruled overall steady on narrow movements.
An easy to steady trend was noticed at the wholesale sugar market.
The undertone of the market remained weak. Sugar S-30 grade was quoted at Rs 1,260/1,283 a quintal.
Previously, the sugar grade attracted business at Rs 1,260/1,290.
M-30 grade was quoted at Rs 1,290/1,345 against Rs 1,280/1,345 a quintal. Sugar for check-post deleveries were quoted at Rs 1,235/1,245 a quintal for S-30 grade and Rs 1,260/1,302 for the M-30 grade.
A firm to upward trend continued in the local bullion market.
Both the precious metals showed improvement in prices. The market sentiment remained moderate.
In yellow metals, standard gold and 22 carat gold improved further by Rs 30 each to Rs 5,155 and Rs 4,770 per 10 grammes respectively on improved demand and reduced arrivals.
Gold biscuits prices hardened by Rs 400 at Rs 60,400 per piece of 10 tolas on better demand. The undertone remained firm.
In white metals, both silver.999 and .916 jumped up by Rs 65 to Rs 7,115 and Rs 7,015 per kg respectively on reduced arrivals and better industrial demand.
Delhi advices witnessed an encouraging trend.
An overall steady to easy trend was noticed in the local non- ferrous metals market.
Industrial demand remained moderate to dull.
The trade volume continued to remain limited. Prices remained unchanged.
The prices quoted in the scraps section were : Copper heavy scraps, Rs.10.50, copper utensils, Rs. 99.50, brass utensils scraps, Rs.85.0, brass sheetcuttings, Rs.89.0, and aluminium utensils, Rs.58.0 per kg.respectively. Prices in virgin section were, copper wire bar, Rs.117.50, aluminium ingots, Rs. 72.50, zinc slabs Rs.62, lead ingots, Rs.49.25, tin slabs, Rs. 356 and nickel cathodes, Rs.380 a kg. respectivley.