Coriander gains 2.5% on spot demand

Coriander prices gained Rs 132 to Rs 5,320 per quintal in range-bound trade today as speculators created fresh positions, driven by a pick up in demand in the spot market.

At the Multi Commodity Exchange, coriander for delivery in September month rose by Rs 132, or 2.54% to Rs 5320 per quintal with a business turnover of 12 lots.

Analysts said fresh buying by speculators on the back of a rise in spot market demand against restricted arrivals, mainly pushed up coriander futures prices here.