Guar Seed Futures Rise on Spot Demand - PTI

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Sep 06, 2024 15:32

Guar seed futures prices rose on the National Commodity and Derivatives Exchange (NCDEX) on Friday, fueled by strong spot market demand and limited supply.
New Delhi, Sep 6 (PTI) Guar seed prices on Friday rose Rs 5 to Rs 5,419 per quintal in futures trade after speculators widened their positions amid a firm trend in the spot market.

On the National Commodity and Derivatives Exchange, guar seed contracts for October delivery rose Rs 5 or 0.09 per cent to Rs 5,419 per quintal with an open interest of 34,905 lots.

According to marketmen, speculators raised bets, 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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