Chana futures prices rose by Rs 20 to Rs 3,280 per quintal today, as speculators enlarged their positions on strong demand in the domestic market to meet the marriage season demand amid lower arrivals in spot market.
At the National Commodity and Derivative Exchange, chana for February contract rose by Rs 20, or 0.61%, to Rs 3,280 per quintal, with an open interest of 31,250 lots.
Similarly, chana for delivery in January traded higher by Rs 14, or 0.43%, at Rs 3,246 per quintal, with an open interest of 99,010 lots, while December delivery gained Rs 11, or 0.35%, to Rs 3,149 per quintal, with a trade volume of 1.69 lakh lots.
Traders said speculators increasing their positions on hopes of a rise in demand in the spot market due to domestic and marriage season demand.