Guar seed futures prices rose on Tuesday due to increased speculator activity and strong demand in the spot market, according to PTI.
New Delhi, Sep 10 (PTI) Guar seed prices on Tuesday rose Rs 8 to Rs 5,339 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 8 or 0.15 per cent to Rs 5,339 per quintal with an open interest of 40,525 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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