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Guar Seed Futures Rise on Spot Demand - PTI

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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.
Source: PTI
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