Jeera futures gain 0.73% on rising spot demand

NEW DELHI: Jeera prices gained 0.73 per cent to Rs 12,727.50 per quintal in futures trading today as speculators enlarged their positions, driven by rising demand in the spot market amid lower arrivals from producing regions.

At the National Commodity and Derivatives Exchange, jeera for delivery in November month gained Rs 92.50, or 0.73 per cent, to Rs 12,727.50 per quintal with an open interest of 10,173 lots.

Similarly, the spice for delivery in December traded up by Rs 82.50, or 0.64 per cent, to Rs 12,930 per quintal in 3,042 lots.

Market analysts said speculators enlarged their positions, driven by a rising demand in the spot market mainly led to rise in jeera prices at futures trade.