After witnessing a long spell of winning streak, jeera prices today fell by Rs 88, or 0.60 per cent, to Rs 14,560 per 100 kg in futures trade, as traders booked profits at prevailing levels.
However, strong demand and restricted arrivals in spot markets, capped gains.
On the National Commodity and Derivatives Exchange platform, jeera for September fell by Rs 88, or 0.60 per cent, to Rs 14,560 per quintal, with an open interest of 16,563 lots.
Similarly, the spice for delivery in August traded lower by Rs 71, or 0.50 per cent, to Rs 14,181 per 100 kg, with an open interest of 4,950 lots.
Analysts said emergence of profit-taking at prevailing prices mainly kept pressure on the jeera futures prices but strong demand in spot markets, restricted losses.
