Guar seed futures prices on Wednesday rose by Rs 20 to Rs 5,556 per quintal in futures trade due to speculators and a firm trend in the spot market.
New Delhi, Oct 16 (PTI) Guar seed prices on Wednesday rose Rs 20 to Rs 5,556 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 20 or 0.36 per cent to Rs 5,556 per quintal with an open interest of 51,751 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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