Guar Seed Futures Rise on Spot Demand - PTI
Guar seed futures prices climbed on Tuesday due to increased speculator positions and a strong spot market. Learn more about the factors driving this trend.
New Delhi, Sep 17 (PTI) Guar seed prices on Tuesday rose Rs 9 to Rs 5,517 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 grew Rs 9 or 0.16 per cent to Rs 5,517 per quintal with an open interest of 49,250 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.
On the National Commodity and Derivatives Exchange, guar seed contracts for October delivery grew Rs 9 or 0.16 per cent to Rs 5,517 per quintal with an open interest of 49,250 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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