Gur prices moved up by Rs 18 to Rs 970.50 per 40 kg in futures trade today on the back of a firm spot markets sentiment.
Market analysts said paucity of stocks along with fall in manufacturing due to poor availability of sugarcane, as farmers diverted their crops to sugar mills for higher prices, caused the rise in gur prices.
Low-level buying by traders was another reason behind price rise, they added.
At the National Commodity and Derivatives Exchange, gur prices for delivery in November at Muzaffarnagar-Uttarpradesh climbed up by Rs 18, or 1.89% to Rs 970.50 per 40 kg, with an open interest of 630 lots.
Its prices for delivery in July also surged by Rs 16, or 1.56% to Rs 1,042 per 40 kg, with an open interest of 11,250 lots.
