We present a low-coherence technique for the measurement of concentrations in aqueous solutions. It is based on a second-order dispersion measurement using the phase of the Fourier transform of the interferogram term obtained with an unbalanced Michelson interferometer. We demonstrate this approach by concentration measurements of aqueous mixtures of NaCl and glucose solutions. Results show errors between a few percent for high concentrations, up to 31% for low concentrations. The application of such a technique in OCT might require ultrahigh depth resolution and/or other scattered photon rejection techniques.