Jeera prices gained 0.86% to Rs 14,000 per quintal in futures trade today as speculators created fresh positions, tracking a firm trend at spot markets on pick up in demand against thin supplies from producing belts.
At the National Commodity and Derivatives Exchange, jeera for delivery in September gained Rs 120, or 0.86%, to Rs 14,000 per quintal, with an open interest of 1,374 lots.
October jeera moved up by Rs 47.50, or 0.34%, to Rs 14,162.50 per quintal, with an open interest of 23,979 lots.
Marketmen said fresh buying by speculators on the back of a rise in spot market demand amid thin supplies from producing belts led to the rise in jeera prices at futures trade.