Guar seed futures prices rose on Monday due to firm spot market demand and thin supplies from growing belts, according to PTI. Speculators widened their positions.
New Delhi, Jul 22 (PTI) Guar seed prices on Monday rose Rs 27 to Rs 5,428 per 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 27 or 0.50 per cent to Rs 5,428 per quintals with an open interest of 53,280 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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