Sugar prices gained 0.48 per cent to Rs 2,901 per quintal in futures trading today as speculators indulged in creating fresh positions on festive season demand in the spot market.
However, adequate stocks positions in the physical market, limited the gains.
At the National Commodity and Derivatives Exchange, sugar for delivery in October rose by Rs 14, or 0.48 per cent, to Rs 2,901 per quintal with an open interest of 4,430 lots.
The sweetener for delivery in November also edged up by Rs 6, or 0.21 per cent, to Rs 2,805 per quintal in 9,660 lots.
Analysts attributed the rise in sugar prices to fresh positions built-up by speculators on the back of festive season demand in the spot market.
