Guar seed futures prices surged on Monday, driven by increased demand in the spot market and tight supplies, according to PTI.
New Delhi, Jul 29 (PTI) Guar seed prices on Monday rose Rs 41 to Rs 5,476 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 August delivery rose Rs 41 or 0.75 per cent to Rs 5,476 per quintals with an open interest of 43,485 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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