Guar Seed Futures Rise on Spot Demand - PTI

Oct 07, 2024 16:29

Guar seed futures prices rose on Monday due to firm spot market trends and increased speculation. Learn more about the factors driving the market.

New Delhi, Oct 7 (PTI) Guar seed prices on Monday rose by Rs 16 to Rs 5,500 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 by Rs 16 or 0.29 per cent to Rs 5,500 per quintal with an open interest of 42,915 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.

Source: PTI By Rediff Money Desk, New Delhi

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