Chana prices went up by 2.05 per cent to Rs 3,976 per quintal in futures trade today as participants created fresh positions, driven by rising demand from dal mills in the spot market.
Besides, tight stocks positions following drop in arrivals from producing regions, fuelled the uptrend.
At the National Commodity and Derivatives Exchange, chana for delivery in August went up by Rs 80, or 2.05 per cent higher, at Rs 3,976 per quintal with an open interest of 90,730 lots.
Likewise, the commodity for delivery in the current month gained Rs 60, or 1.54 per cent, to Rs 3,931 per quintal in 4,890 lots.
Analysts attributed the rise in chana prices to surging demand in the spot markets against restricted supplies from producing regions.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)