Guar seed futures prices rose on Wednesday due to increased demand in the spot market and tight supplies. Speculators raised bets on the National Commodity and Derivatives Exchange.
New Delhi, Dec 13 (PTI) Guar seed prices on Wednesday climbed Rs 13 to Rs 5,460 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 13 or 0.24 per cent to Rs 5,460 per 10 quintals with an open interest of 9,370 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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