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Gur futures up on short covering

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Press Trust of India New Delhi

Gur futures prices improved by Rs 8.50 to Rs 937 per quintal today on low levels of buying by traders, tracking a firm spot markets sentiment.

Market analysts said paucity of stocks and pick up in demand in spot markets, mainly led to a rise here in future price.

Low levels of buying also influenced the trading sentiments, they added.

At the National Commodity and Derivatives Exchange counter, gur prices for delivery in January hardened by Rs 8.50, or 0.92 per cent, to Rs 937 per quintal, with an open interest showed in 6,110 lots.

Prices for delivery in March also traded higher by Rs 7, or 0.72 per cent, to Rs 981.50 per quintal, with an open interest of 17,660 lots.

 

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First Published: Jan 13 2011 | 2:45 PM IST

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