Guar seed futures prices increased on Tuesday due to firm spot market demand and thin supplies. Speculators widened their positions on the National Commodity and Derivatives Exchange (NCDEX).
New Delhi, Jan 2 (PTI) Guar seed prices on Tuesday increased Rs 15 to Rs 5,437 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 January delivery rose Rs 15, or 0.28 per cent, to Rs 5,437 per 10 quintals with an open interest of 43,790 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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