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Jeera prices rose by 0.38% to Rs 12,655 per quintal in futures trading today as speculators engaged in creating fresh positions, driven by pick up in demand in the spot market.
At the National Commodity and Derivatives Exchange, jeera for delivery in October month rose by Rs 47.50, or 0.38% to Rs 12,655 per quintal with an open interest of 7,488 lots.
Similarly, jeera for delivery in November traded higher by Rs 20, or 0.16% to Rs 12,872.50 per quintal in 5,673 lots.
Market analysts said the rise in jeera prices at futures trade was mostly attributed to fresh positions created by speculators supported by rising demand in the spot market.
