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Gur futures gain on fresh buying

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Press Trust of India New Delhi

Gur prices improved by Rs 15 to Rs 1,053.50 per 40 kg in futures trade today on the emergence of buying by traders amid rising spot market demand.

Marketmen said low levels of buying by traders on the back of a pick-up in spot market demand mainly pushed up gur futures prices.

However, reports of better sugarcane production this year kept the prices under control, they said.

At the National Commodity and Derivatives Exchange, gur for September delivery rose by Rs 15, or 1.44%, to Rs 1,053.50 per 40 kg, with an open interest for 10,550 lots.

Near-November contract gur also gained Rs 4, or 0.42%, to Rs 964 per 40 kg with an open interest for 1,170 lots.

 

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First Published: Aug 22 2011 | 3:25 PM IST

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