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Gur recovers 0.6% on speculative buying

Prices looked up as speculators enlarged position

Press Trust of India New Delhi
Gur futures for July rose by Rs 8, or 0.61%, to Rs 1,321.50 per 40 kg in 11,100 lots.

At the National Commodity and Derivatives Exchange (NCDEX), the September contract hardened by Rs 7, or 0.51%, to Rs 1,379.50 per 40 kg in 3,130 lots.

Prices looked up as speculators enlarged position at prevailing lower levels amid rising demand spot markets.

Besides, tight availability of sugar-cane too supported the upside in gur prices at futures trade.
 

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First Published: Apr 02 2013 | 2:55 PM IST

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