Refined soya oil gained 0.58 per cent to Rs 687.55 per 10 kg in futures trade today as speculators indulged in creating fresh positions, triggered by good spot market demand supported by ongoing wedding season.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in March gained Rs 3.95, or 0.58 per cent to Rs 687.55 per 10 kg with an open interest of 103090 lots.
In a similar fashion, the oil for delivery in February traded higher by Rs 3.10, or 0.45 per cent to Rs 691.30 per 10 kg in 9010 lots.
Market analysts said increased positions by speculators, driven by good spot market demand in view of ongoing wedding season mainly led to rise in refined soya oil prices at futures trade.
