Groundnut oil prices remained steady on the oilseeds market yesterday following better advices from producing centres and adequate buying support.
Castoroil commercial attracted soap manufacturers demand and hardened and castorseed Madras looked up on poor arrivals from Hyderabad. However, there was no trading in the futures section.
In the edible section, groundnut oil maintained at Rs 362. Palm oil, however, improved and closed at Rs 259 against the last Friday's close of Rs 256.
In the industrial section, castoroil commercial closed higher at Rs 257 compared to Rs 254.
Castorseed Madras hardened by Rs 15 to Rs 1138 from Rs 1123. Linseed oil improved by Rs 5 to Rs 280 and linseed bold maintained at Rs 1300 on stray support.
Sugar: An upward trend was seen in the wholesale sugar market on improved demand.
Sugar S-30 was quoted at Rs 1465/1490 as against Fridays figures of Rs 1455/1470 per quintalon improved demand coupled with lower arrivals.
In the M-30 variety, prices went up to Rs 1500/1540 per quintal as against the previous close of Rs 1485/1528 per quintal on improved demand.
Non ferrous metals: A weak-to-downward trend prevailed in the Mumbai non-ferrous metals market.
In scraps, copper heavy was quoted lower at Rs 126.00 per kg. Copper utensils were marked at Rs 114.25 while brass scrap was at 95.75.
Aluminium quoted at Rs 59.50 per kg while brass sheets cutting were priced at Rs 101.
All other metals ruled overall steady.
In virgin section, copper wire bar was quoted at Rs 136.00 per kg.
Other metals were priced as follows: Aluminium ingots Rs 77, zinc Rs 81, lead Rs 41, tin Rs 290 and nickel Rs 338.
Bullion: A downward trend prevailed in the Mumbai bullion market.
Silver prices declined sharply while the yellow metal declined moderately.
Silver .999 and raw silver moved down sharply by Rs 50 and Rs 55 to Rs 6320 and Rs 6215 per kg respectively due to weak overseas advices as well as lack of demand from local buyers and industrial users.
Standard mint gold and 22 carat eased by Rs 15 each to Rs 4455 and Rs 4120 per 10 grams respectively due to poor buying interest from local buyers.
The rates were: silver (per kg) .999-Rs 6320, raw Rs 6215, and gold (10 gram). Standard gold Rs 4455, 22 carat Rs 4120, ten tola gold (per biscuit) Rs 52100. The Delhi advices indicated a weak trend.
