Guar seed prices surged on Thursday, driven by increased speculator activity and strong spot market demand, with futures contracts gaining Rs 102 per quintal.
New Delhi, Oct 10 (PTI) Guar seed prices on Thursday rose Rs 102 to Rs 5,488 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 November delivery grew by Rs 102 or 1.86 per cent to Rs 5,488 per quintal with an open interest of 46,485 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.
Home » Market News » Guar Seed Futures Rise on Spot Demand - PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback