Guar seed futures prices rose on Wednesday, driven by firm spot market demand and thin supplies, according to market analysts. Speculators increased their positions, leading to a 0.72% increase in prices.
New Delhi, Jul 3 (PTI) Guar seed prices on Wednesday rose Rs 38 to Rs 5,286 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 0.72 per cent to Rs 5,286 per 10 quintals with an open interest of 34,445 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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