Sugar recovered from reduced level at the wholesale sugar market at Turbhe, Navi Mumbai yesterday.
Both the grades of sugar ruled firm. The undertone of the market remained weak.
Sugar S-30 grade firmed up to Rs 1481/1512 from the previous level of Rs 1470/1512 a quintal on better consumer demand coupled with normal arrivals.
Sugar M-30 ruled firm at Rs 1505/1546 against the previous level of Rs 1496/1546 a quintal on modest offtake and subdued arrivals. Sugar for the check post deliveries quoted lower at Rs 1460/1470 a quintal for S-30 grade and Rs 1485/1500 for the M-30 grade.
Non-ferrous metals: An easy-to-downward trend was noticed in the non-ferrous market yesterday. Scraps metals ruled weaker than virgin metals. The undertone of the market was weak.
In the scraps section, copper heavy scraps and copper utensils eased by 50 paise and Re 1 to Rs 113 and Rs 101 a kg respectively on reduced industrial demand and improved inflows. All other metals ruled overall steady and were nominally quoted as under : brass utensils Rs 86, brass sheetcuttings Rs 94 and aluminium utensils Rs 62.50 a kg on narrow movements.
In virgin section, copper wirebar eased further by 50 paise to Rs 125.50 a kg on sluggish demand. All the other metals ruled overall steady and were nominally quoted as under : aluminium ingots Rs 82.50, zinc slabs Rs 76, lead ingots Rs 41, tin slabs Rs 312 and nickel cathodes Rs 314 per kg respectively on narrow movements.
Bullion: A firm-to-upward trend was noticed in bullion prices yesterday.
Both the precious metals ruled better. The undertone was hesitant.
In white metals, silver .999 and .916 looked up by Rs 30 each to Rs 6835 and Rs 6735 a kg respectively on firm overseas advises and better consumer demand. The arrivals remained modest. Delhi advises indicated a modest trend.
In yellow metals, standard gold and 22 carat gold firmed up by Rs 30 and Rs 25 to Rs 4240 and Rs 3920 per 10 grams respectively on better overseas advises coupled with improved demand. The arrivals remained modest.
Gold biscuit prices also looked up by Rs 400 at Rs 49,600 per piece of gold bar of 10 tolas on improved offtake.
Oils and oilseeds: The Bombay Oils and Oils Exchange remained officially closed on account of a sudden death of its director.
