Guar seed futures prices surged on the National Commodity and Derivatives Exchange (NCDEX) on Thursday, driven by strong spot demand and tight supplies.
New Delhi, Jan 4 (PTI) Guar seed prices on Thursday grew Rs 61 to Rs 5,307 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 61 or 1.15 per cent to Rs 5,307 per 10 quintals with an open interest of 35,625 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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