Gur futures spurt on firm spot cues

Gur prices firmed up by Rs 36 to Rs 1,126 per quintal in futures trade today amid aggressive buying by traders in line with the firm spot market sentiment.

Marketmen said low inventories along with reduced arrivals from producing areas due to heavy rains encouraged traders to enlarge their holdings in futures trade.

At the National Commodity and Derivatives Exchange, September gur shot up by Rs 36, or 3.30%, to Rs 1,126 per quintal, with an open interest for 9,740 lots.

The January contract also followed suit and hardened by Rs 11, or 1.12%, to Rs 995 per quintal, with an open interest for 20 lots.