Gur futures gains on speculative buying

Gur prices firmed up by Rs 9.20 to Rs 946 per 40 kg in futures trade today owing to speculative buying by traders in line with restricted supply in spot markets.

Marketmen said paucity of stocks on fall in supply at physical markets, mainly influenced the trading sentiment in gur futures prices.

Lower levels of buying by traders also helped to boosted the trading sentiment, they added. 

At the National Commodity and Derivatives Exchange counter, gur prices for December contract hardened by Rs 9.20, or 0.98 per cent, to Rs 946 per 40 kg, with an open interest of 7,360 lots. 

 

Most-active November-month contract also remained in traders fancy and went up by 0.60 paise, or 0.06 per cent, to Rs 978 per 40 kg, with an open interest of 15,240 lots.