Guar seed futures prices rose on Tuesday due to strong spot market demand and tight supplies. Speculators increased their positions, driving up prices on the National Commodity and Derivatives Exchange.
New Delhi, Jul 9 (PTI) Guar seed prices on Tuesday rose Rs 36 to Rs 5,332 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 36 or 0.68 per cent to Rs 5,332 per 10 quintals with an open interest of 19,760 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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