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Jeera gains 0.77% on spot demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 3:02 AM IST

Jeera prices gained Rs 107 to Rs 14,040 per quintal in futures trade today as traders created fresh positions, driven by a rise in spot demand.

However, estimates of higher output this year limited the gain.

At the National Commodity and Derivatives Exchange, the March contract for jeera rose by Rs 107, or 0.77%, to Rs 14,040 per quintal, with an open interest of 11,853 lots.

The April contract gained Rs 94, or 0.66%, to Rs 14,250 per quintal, with a business volume of 10,878 lots.

Analysts said fresh buying by traders following pick-up in demand in the spot market mainly helped jeera futures prices to trade higher.

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First Published: Feb 23 2012 | 1:30 PM IST

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