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Gur futures declines on weak spot demand

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Press Trust of India New Delhi

Gur prices tripped by Rs 2.60 to Rs 867.60 per 100 kg in future trade today in line with dull physical market demand.

Marketmen said poor offtake and adequate stock positions of gur in physical markets, mainly attributed to the fall in futures prices of gur.

Decline in sugar prices also helped in bringing down the trading sentiments to some extent, they added.  

At the National Commodity and Derivatives Exchange counter, gur delivery for the month of November shed Rs 2.60, or 0.30 per cent, to Rs 867.60 per quintal on an open interest of 5,670 lots.

August month contract also fell by Rs 2.20, or 0.21 per cent, to Rs 1,030.80 per quintal, with an open interest of 15,080 lots.

 

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First Published: Aug 06 2010 | 4:10 PM IST

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