Refined soya oil prices gained over one per cent to Rs 677.90 per 10 kg in futures trading today as speculators engaged in enlarging positions in tandem with a firming trend in the spot market on good demand.
At the Multi Commodity Exchange counter, refined soya oil for delivery in March rose by Rs 7.25, or 1.08 per cent, to Rs 677.90 per 10 kg, with a business turnover of just one lot.
Similarly, the oil for delivery in February went up by Rs 6.05, or 0.92 per cent, to Rs 665.75 per 10 kg, with a business turnover of just one lot.
Market analysts said increased buying by speculators on rising demand due to the ongoing marriage season in the spot market led to a rise in refined soya oil futures prices.
