The wheat was purchased at an estimated $271.99 a tonne c&f plus a $1.50 a tonne surcharge for additional port unloading. Seller was said to be trading house Cargill.
Grain markets have been under pressure this week as crop weather improved in South America following recent dryness in Argentina and excessive rains in key parts of Brazil.
"They (farmers) will start selling a lot of the beans in April or during the Ramadan month because there will be a lot of spendings for that month," one of the traders said, adding the main harvest would start in May.
A break could lead to a gain into a range of $1,761 to $1,783. On the daily chart, gold is riding on a wave 4, which is ending around a falling trendline.
The lowest offer for nearby shipment in April was said to be $323.97 a tonne c&f. Both offers were said to have been submitted by trading house Dreyfus.