Indian wheat futures rose on Monday because of fund buying and gold prices rose marginally on investor demand. At 1015 GMT, the January wheat contract rose 5.60 rupees to 812.60 rupees per 100 kg at the National Commodities and Derivatives Exchange (NCDEX).
"I think there is some buying pressure from funds. The rise is more or less in line with most other commodities," an Ahmedabad-based trader said.
He said overall trade volumes were thin due to absence of players in the holiday season.
Sugar futures were higher, but traders said prices were expected to decline with an increase in supplies by January. "This rise will not last beyond a day or two. Supplies will start increasing," another trader said.
The January sugar contract was up 11 rupees to 1,833 per 100 kg at the NCDEX, while the April sugar rose 13 rupees to 1,894 rupees.
Lacklustre demand dampened soyoil prices. January soyoil at the Multi Commodity Exchange fell 0.10 rupees to 345.10 rupees per 100 kg.
Gold futures rose marginally on investor buying, but volumes remained thin.
February gold was up 11 rupees at 7,459 rupees per 10 grams. April gold rose 10 rupees to 7,496 rupees.