Groundnut oil continued to rule firm while most other edible oils ruled firm-to-steady at the oils and oilseeds market yesterday. Imported palmolein ruled easy. Groundnut oil advanced further by Rs 10 at Rs 610 per 10 kg on improved consumer demand against limited arrivals. Castor oil commercial and BSS qualities firmed up by Rs 6 each to Rs 458 and Rs 470 per 10 kg respectively.
Linseed oil and kardi oil advanced by Rs 15 and Rs 20 to Rs 465 and Rs 680 per 10 kg respectively on reduced arrivals against hectic offtake. Cottonseed oil washed and copra oil white improved by Rs 5 and Rs 10 to Rs 435 and Rs 510 per 10 kg respectively. Sesame and sunflower oil expeller eased by Rs 5 each to Rs 435 and Rs 430 per 10 kg respectively. Imported palmolein eased by Re 1 at Rs 387 per 10 kg. In futures, December contract opened Rs 3 lower at Rs 1,758 a quintal and declined further to close at Rs 1731 a quintal.
In oilseeds, castorseeds Madras and Maharashtra qualities gained by Rs 28 each to Rs 2,102 and Rs 2,096 a quintal respectively on better industrial demand backed by scattered supplies. Nigerseeds Madras recovered by Rs 25 at Rs 1975 a quintal.
Sugar: Easy-to-subdued conditions was witnessed with both grades ruling easy on modest demand. S-30 grade eased to Rs 1450/1455 a quintal (Rs 1440/1475) while M-30 ruled subdued at Rs 1473/1515 a quintal (Rs 1455/1520) on modest consumer demand. Sugar for the check-post deliveries were quoted higher at Rs 1433/1440 a quintal for S-30 grade and Rs 1453/1483 a quintal for M-30 grade.
Non-ferrous metals: An easy-to-quiet situation was witnessed with the undertone remaining weak.
In scraps, copper heavy eased by 50 paise at Rs 102 a kg on reduced industrial interest against easy supplies. Other metals were nominally quoted as under: copper utensils Rs 92, brass utensils Rs 85, brass sheetcuttings Rs 87 and aluminium utensils Rs 63.50 a kg respectively.
In virgin metals, copper wire bar was quoted at Rs 116.50, aluminium ingots at Rs 86, zinc slabs at Rs 78.50, lead ingots at Rs 45.50, tin slabs at Rs 386 and nickel cathodes finished at Rs 255 a kg respectively.
Bullion: A firm-to-upward trend was witnessed with both precious metals ruling firm. Silver .999 and .916 advanced by Rs 225 and Rs 215 to Rs 7900 and Rs 7750 a kg respectively on strong overseas advices. Local demand was modest against limited inflows.
In yellow metals, standard gold and 22 carat gold looked up by Rs 35 and Rs 30 to Rs 4315 and Rs 3990 per 10 gram respectively on firm overseas advices coupled with improved seasonal offtake. Gold biscuits prices also hardened by Rs 400 at Rs 51,000 per piece of gold biscuit on better consumer offtake.
