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Gur futures up on increased buying

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Press Trust of India New Delhi

Gur prices edged up by Rs 11.40, or 1.10 per cent, to Rs 1,047.60 per 100 kg in futures trading today on increased buying by speculators in line with restricted supply in physical markets.

Marketmen said less arrivals in spot markets due to rainfall against better demand, mainly led to a rise here in futures price of gur.

At the National Commodity and Derivatives Exchange counter, gur delivery for September hardened by Rs 11.40, or 1.10 per cent, to Rs 1,047.60 per quintal, with an open interest of 20,660 lots.

November contract also went up by Rs 6.40, or 0.73 per cent, to Rs 882.60 per quintal, with an open interest of 6,190 lots.

 

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First Published: Aug 31 2010 | 2:40 PM IST

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