Guar Seed Futures Rise on Spot Demand | PTI
Guar seed futures prices gained on Wednesday due to strong spot market demand and increased speculative activity. Learn more about the factors driving the rise in prices.
New Delhi, Oct 23 (PTI) Guar seed prices on Wednesday rose Rs 2 to Rs 5,407 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 Rs 2 or 0.04 per cent to Rs 5,407 per quintal with an open interest of 50,180 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.
On the National Commodity and Derivatives Exchange, guar seed contracts for November delivery grew Rs 2 or 0.04 per cent to Rs 5,407 per quintal with an open interest of 50,180 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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