Guar seed futures prices surged on the National Commodity and Derivatives Exchange, driven by strong spot market demand and speculation. Learn more about the latest market trends.
New Delhi, Sep 27 (PTI) Guar seed prices on Friday rose Rs 73 to Rs 5,779 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 73 or 1.28 per cent to Rs 5,779 per quintal with an open interest of 41,345 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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