Guar Seed Futures Rise on Spot Demand - PTI
Guar seed futures prices climbed on Thursday, driven by increased speculation and a firm trend in the spot market. Learn more about the factors influencing guar seed prices.
New Delhi, Mar 20 (PTI) Guar seed prices climbed Rs 21 to Rs 5,414 per quintal in the futures trade on Thursday after speculators widened their positions amid a firm trend in the spot market.
On the National Commodity and Derivatives Exchange, guar seed contracts for April delivery increased Rs 21 or 0.39 per cent to Rs 5,414 per quintal with an open interest of 66,610 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 April delivery increased Rs 21 or 0.39 per cent to Rs 5,414 per quintal with an open interest of 66,610 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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