Guar Seed Futures Rise on Spot Demand - PTI
By Rediff Money Desk, New Delhi Jan 15, 2025 14:51
Guar seed futures gained Rs 15 to Rs 5,450 per quintal on Wednesday due to increased speculation and strong spot market demand. Read more.
New Delhi, Jan 15 (PTI) Guar seed prices on Wednesday rose Rs 15 to Rs 5,450 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 February delivery increased Rs 15 or 0.28 per cent to Rs 5,450 per quintal with an open interest of 76,005 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 February delivery increased Rs 15 or 0.28 per cent to Rs 5,450 per quintal with an open interest of 76,005 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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