Guar Seed Futures Rise on Spot Demand - PTI
Guar seed futures prices rose on Monday due to increased speculator interest and strong spot market demand. Learn more about the price surge and market trends.
New Delhi, Feb 17 (PTI) Guar seed prices on Monday rose Rs 43 to Rs 5,315 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 March delivery increased Rs 43 or 0.81 per cent to Rs 5,315 per quintal with an open interest of 63,425 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 March delivery increased Rs 43 or 0.81 per cent to Rs 5,315 per quintal with an open interest of 63,425 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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