A weak trend led by dull demand continued at Turbhe, wholesale sugar market at Navi Mumbai. Both the grades of sugar ruled subdued.
Small-grade sugar (S-30) declined to Rs 1,425/1,460 a quintal against the previous level of Rs 1,430/1,465 on easy arrivals from upcountry centres and mills. Medium-grade (M-30) weakened further to Rs 1,460-1,535 a quintal against its previous level of Rs 1,463/1,530 on dull offtake. Consumer demand was dull against normal supply position. Sugar prices for check-post were quoted higher at Rs 1,390/1,410 a quintal for S-30 grade and Rs 1,430/1,450 for the medium grade yesterday.
Non-ferrous metals : A steady trend witnessed in the non-ferrous metals at the local market yesterday. Metals in both the sections ruled overall steady. The demand was modest against normal supply position.
More From This Section
In scraps, all the metals ruled overall steady and were nominally quoted as under: copper heavy scraps Rs 118.00, copper utensils Rs 101.00, brass utensils Rs 91.00, brass sheetcuttings Rs 97.50 and aluminium utensils Rs 68.50 a kg, respectively, on narrow movements.
In virgins, all the metals held overall steady and were nominally quoted as under : copper wirebar Rs 125.00, aluminium ingots Rs 90.00, zinc slabs Rs 89.00, lead ingots Rs 35, tin slabs Rs 372 and nickel cathodes Rs 593 a kg, respectively, on narrow movements.
Bullion : A weak trend continued in precious metals prices at the local bullion market yesterday. Both the precious metals ruled dull.
Silver .999 and .916 declined further by Rs 20 each to Rs 7,880 and Rs 7,750 a kg, respectively, on weak overseas advices and dull demand. The demand was subdued coupled with normal arrivals of imported goods. Delhi advices indicated a moderate trend.
Standard gold and 22 carat gold prices eased further by Rs 5 each to Rs 4,380 and Rs 4,050 per 10 gm, respectively, on dull overseas advices and weak local offtake. Gold biscuits prices weakened and lost Rs 100 at Rs 51,400 per piece on dull offtake and normal inflows of stock and moderate trading movements.
The Bombay Oils and Oilseeds remained officially closed on account of sudden demise of its director.