Guar Seed Futures Rise on Spot Demand - PTI
By Rediff Money Desk, NEWDELHI Dec 08, 2023 14:34
Guar seed futures prices rose on Friday in futures trade due to firm trend in the spot market and thin supplies. Speculators widened their positions.
New Delhi, Dec 8 (PTI) Guar seed prices on Friday increased Rs 24 to Rs 5,511 per 10 quintals in futures trade after speculators widened their positions following a firm trend in the spot market.
On the National Commodity and Derivatives Exchange, guar seed contracts for December delivery rose Rs 24 or 0.44 per cent to Rs 5,511 per 10 quintals with an open interest of 26,285 lots.
According to marketmen, speculators raised bets, tracking 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 rose Rs 24 or 0.44 per cent to Rs 5,511 per 10 quintals with an open interest of 26,285 lots.
According to marketmen, speculators raised bets, tracking 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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