Guar Seed Futures Rise on Spot Demand

New Delhi, Sep 2 (PTI) Guar seed prices on Tuesday increased Rs 33 to Rs 5,170 per quintal in the futures trade after speculators widened their positions amid a firm trend in the spot market.

On the National Commodity and Derivatives Exchange, guar seed contracts for September delivery rose Rs 33 or 0.64 per cent to Rs 5,170 per quintal with an open interest of 52,910 lots.

According to marketmen, speculators raising bets, a firm trend in the spot market, and thin supplies from growing belts mainly led to the rise in guar seed prices.