Driven by rising futures on the National Commodity and Derivatives Exchange, chana gained Rs 25-50 at Rs 2,775-2,800 a quintal. However, demand for in private tradingwas weak compared with Thursday.
Chana remained volatile on the NCDEX despite a holiday at local mandis on Friday, as big stockists and speculators dictated the spot market and the private trade. Chana ( desi ) ruled at Rs 2,675-2,700 and chana ( mausmi ) at Rs 2,600-2,700 a quintal.
On Thursday, spot chana prices had soared to Rs 2,811 a quintal because of speculative buying on the NCDEX. However, they declined in the evening evening to Rs 2,750 a quintal as buying at the higher rate dropped. .
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