Guar seed futures prices rose on Tuesday due to increased spot market demand and tight supplies. Speculators raised bets, driving prices up by Rs 8 to Rs 5,304 per 10 quintals.
New Delhi, Jan 30 (PTI) Guar seed prices on Tuesday rose Rs 8 to Rs 5,304 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 8, or 0.15 per cent, to Rs 5,304 per 10 quintals with an open interest of 57,190 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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