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Gur price settles lower on mounting stocks

Press Trust of India  |  New Delhi 

Gur prices dropped by Rs 100 per quintal at the wholesale market in the national capital today following ample stocks following heavy arrivals of new gur amid selective buying by retailers and stockists.

A similar trend depicted in Muzaffarnagar and Muradnagar gur markets, where prices dipped by up to Rs 200 per quintal.

Marketmen said reports of production has been been in full swing and persistent arrivals from manufacturing belts led to a decline in gur prices.

In Delhi, gur pedi prices slided from Rs 3,300-3,500 to finish at Rs 3,300-3,400, while chakku prices traded lower at Rs 3,300-3,400 instead of Rs 3,350-3,450 per quintal.

At Muzaffarnagar, the biggest fall of up to Rs 200 was seen in gur laddoo at Rs 2,950-3,100 as compared to overnight close of Rs 3,150-3,200, followed by chakku slipping from Rs 3,050-3,500 to Rs 2,950-3.375, showing a fall up to Rs 125 per quintal.

Gur khurpa also enquired lower by Rs 100 to settle at Rs 2,800-2,850 per quintal.

Coming to Muradnagar, gur pedi settled lower by Rs 100 to Rs 2,850-2,900 while dhayya lost Rs 50 at Rs 2,950-3,000 per quintal.

Following are today's rates (in Rs per quintal):

Gur chakku Rs 3,300-3,400, pedi Rs 3,300-3,400, dhayya Rs 3,500-3,600 and shakkar Rs 3,600-3,700.

Muzaffarnagar: Rasket Rs 2,850-2,900, chakku Rs 2,950-3,375, khurpa Rs 2,800-2,850 and Ladoo Rs 2,950-3,100.

Muradnagar: Pedi Rs 2,850-2,900 and dhayya Rs 2,950-3,000.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 18 2016. 17:13 IST