Guar Seed Futures Rise on Spot Demand - PTI
Guar seed futures prices rose on Thursday due to strong spot demand and thin supplies, driven by speculator activity on the National Commodity and Derivatives Exchange.
New Delhi, Aug 8 (PTI) Guar seed prices on Thursday rose Rs 1 to Rs 5,279 per quintal 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 1 or 0.02 per cent to Rs 5,279 per quintal with an open interest of 18,530 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.
On the National Commodity and Derivatives Exchange, guar seed contracts for August delivery rose Rs 1 or 0.02 per cent to Rs 5,279 per quintal with an open interest of 18,530 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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