NEW DELHI, May 3: Shakkar prices strengthened by Rs 200 per quintal at the wholesale market in the national capital today following paucity of stocks amid speculative buying.
Muzaffarnagar and Muradnagar gur markets also depicted a firm trend with prices rising up to Rs 125 per quintal on thin supplies amid scarcity of stocks.
Marketmen said paucity of stocks on thin supplies from manufacturing belts following adverse weather conditions for production, triggered speculative buying by stockists in anticipation of further rise, mainly influenced prices.
In Delhi, gur Shakkar prices shot up by Rs 200 to finish the day at Rs 3,900-4,000 per quintal.
At Muzaffarnagar, gur Chakku and Laddoo prices showed a spurt of Rs 125 each to end at Rs 3,000-3,300 and Rs 3,200- 3,300 as compared to overnight close of Rs 2,925-3,175 and Rs 3,125-3,175 per quintal, respectively.
Gur Khurpa prices also advanced by Rs 50 to Rs 3,000- 3,050 per quintal.
Coming to Muradnagar, gur Pedi and Dhayya prices hardened from Rs 3,075-3,175 and Rs 3,225-3,250 to conclude at Rs 3,150-3,250 and Rs 3,300-3,350, showing a gain up to Rs 100 per quintal.
Following are today’s rates (in Rs per quintal):
Gur chakku Rs 3,400-3,500, pedi Rs 3,500-3,600, dhayya Rs 3,600-3,700 and shakkar Rs 3,900-4,000.
Muzaffarnagar: Rasket Rs 2,650-2,700, chakku Rs 3,000- 3,300, khurpa Rs 3,000-3,050 and Ladoo Rs 3,200-3,300.
Muradnagar: Pedi Rs 3,150-3,250 and dhayya Rs 3,300- 3,350. (PTI)
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