Gur futures dip slightly on increased selling

NEW DELHI: Gur prices declined marginally by Rs 4 to Rs 948 per quintal in futures trade today on increased selling by traders in line with sluggish spot markets demand.

Marketmen said increased arrivals as well as dull demand in spot markets, mainly led to a fall here in futures price of gur.

At the National Commodity and Derivatives Exchange counter, gur for November delivery moved down by Rs 4, or 0.42 per cent, to Rs 948 per quintal, with an open interest of 14,100 lots.

Near December-month contract also went down by Rs 1.40, or 0.15 per cent, to Rs 941 per quintal, with an open interest of 7,150 lots.