Guar seed futures gain on spot demand
Jun 20, 2024 15:29
Guar seed futures prices surged on the National Commodity and Derivatives Exchange (NCDEX) due to increased speculation and firm spot market trends. Learn more.
New Delhi, Jun 20 (PTI) Guar seed prices on Thursday rose Rs 38 to Rs 5,425 per 10 quintals in futures trade after speculators widened their positions following a firm trend in the spot market.
On the National Commodity and Derivatives Exchange, guar seed contracts for July delivery rose Rs 38, or 0.70 per cent, to Rs 5,425 per 10 quintals with an open interest of 51,370 lots.
According to marketmen, speculators raised bets, tracking a firm trend in the spot market and thin supplies from growing belts mainly led to the rise in guar seed prices.
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