Jeera prices rose by Rs 256 to Rs 16,074 per quintal in futures trade today as speculators enlarged their positions, driven by a pick-up in spot market demand.
At the National Commodity and Derivatives Exchange, jeera for September contract rose by Rs 256, or 1.62%, to Rs 16,074 per quintal, with an open interest for 18,777 lots.
October delivery gained Rs 249, or 1.53%, to Rs 16,500 per quintal in 16,092 lots.
Analysts said increased buying by speculators on expectations of a pick-up in demand in the spot market during the festive season mainly pushed up jeera futures prices.