Guar Seed Futures Rise on Spot Demand - PTI
By Rediff Money Desk, New Delhi Nov 25, 2024 13:52
Guar seed futures prices rose on Monday due to increased speculator activity and strong spot market demand. The December contract on the NCDEX gained Rs 2 to Rs 5,187 per quintal.
New Delhi, Nov 25 (PTI) Guar seed prices on Monday rose Rs 2 to Rs 5,187 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 2 or 0.04 per cent to Rs 5,187 per quintal with an open interest of 57,340 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 December delivery increased Rs 2 or 0.04 per cent to Rs 5,187 per quintal with an open interest of 57,340 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.
Source: PTI
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