Guar seed futures gained on Friday due to increased speculator activity and strong spot market demand. Prices rose to Rs 5,582 per quintal on the National Commodity and Derivatives Exchange.
New Delhi, Oct 11 (PTI) Guar seed prices on Friday inched up by Rs 41 to Rs 5,582 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 41 or 0.73 per cent to Rs 5,582 per quintal with an open interest of 46,530 lots.
According to marketmen, speculators raising 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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