Gur futures up on spot demand

Gur extended its upward march in futures market and traded Rs 7.20, or 0.69 per cent, higher to Rs 1,057.20 per quintal today, as speculators enlarged their positions, driven by a firming trend at spot markets.

Analysts said better trend at spot markets on the back of pick up in demand, helped gur to trade higher at futures market here.

In addition, fall in production due to heavy rains too influenced the gur prices, they added.

At the National Commodity and Derivatives Exchange counter, gur prices for delivery in September contract edged up by Rs 7.20, or 0.69 per cent, to Rs 1,057.20 per quintal, with an open interest of 19,630 lots.

 

Similarly, gur for December contract also traded higher by Rs 6.40, or 0.72 per cent, to Rs 892.40 per quintal, with an open interest of 3,460 lots.