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Refined soya oil prices gained 0.36% to Rs 724.40 per 10 kg in futures trade today as speculators created fresh positions, driven by good demand in the spot market in view of the ongoing marriage season.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in December rose by 2.60, or 0.36%, to Rs 724.40 per 10 kg with an open interest of 79,840 lots.
Similarly, oil for delivery in January edged up by Rs 1.50, or 0.21%, to Rs 725.10 per 10 kg in 1,09,250 lots.
Analysts said fresh positions built up by speculators driven by good demand in spot market due to ongoing marriage season mainly led to rise in refined soya oil prices at futures trade.
