Guar seed futures gained on Friday due to strong spot market demand and tight supplies. Speculators increased positions, driving prices up by Rs 48 to Rs 5,324 per 10 quintals on the National Commodity and Derivatives Exchange.
New Delhi, Jul 5 (PTI) Guar seed prices on Friday rose Rs 48 to Rs 5,324 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 48 or 0.90 per cent to Rs 5,324 per 10 quintals with an open interest of 35,500 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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