Guar Seed Futures Rise: Higher Bets Fuel Price Surge
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Guar seed futures climb on increased investor bets. April contracts surge on the NCDEX despite spot price decline. Learn more.
New Delhi, Mar 9 (PTI) Guar seed prices on Monday rose by Rs 87 to Rs 5,338 per quintal in futures trade amid higher bets by investors.
On the National Commodity and Derivatives Exchange, guar seed contracts for April delivery climbed Rs 87, or 1.63 per cent, to Rs 5,338 per quintal with an open interest of 40,085 lots.
Marketmen said higher bets by investors, despite a fall in spot prices, supported guar seed prices in futures trade.
On the National Commodity and Derivatives Exchange, guar seed contracts for April delivery climbed Rs 87, or 1.63 per cent, to Rs 5,338 per quintal with an open interest of 40,085 lots.
Marketmen said higher bets by investors, despite a fall in spot prices, supported guar seed prices in futures trade.
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