Guar seed futures prices rose on Monday due to strong spot demand and increased speculative positions. The December contract gained Rs 10 to Rs 5,186 per quintal on NCDEX.
New Delhi, Nov 11 (PTI) Guar seed prices on Monday rose Rs 10 to Rs 5,186 per quintal in the 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 December delivery increased Rs 10 or 0.19 per cent to Rs 5,186 per quintal with an open interest of 46,155 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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