Guar seed futures prices rose on Friday due to increased demand in the spot market and tight supplies. Speculators raised their positions, pushing prices up by Rs 5 per 10 quintals.
New Delhi, Jan 12 (PTI) Guar seed prices on Friday rose Rs 5 to Rs 5,395 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 5 or 0.30 per cent to Rs 5,395 per 10 quintals with an open interest of 9,870 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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