Guar seed futures prices rose on Friday due to strong spot demand and tight supply. Speculators increased their positions, pushing prices up on the National Commodity and Derivatives Exchange.
New Delhi, Jun 28 (PTI) Guar seed prices on Friday rose Rs 42 to Rs 5,320 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 42 or 0.82 per cent to Rs 5,320 per 10 quintals with an open interest of 40,245 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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