Guar seed futures prices gained on Wednesday, driven by firm spot market trends and thin supplies. Speculators widened their positions on the National Commodity and Derivatives Exchange.
New Delhi, Jan 31 (PTI) Guar seed prices on Wednesday rose Rs 13 to Rs 5,299 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 13, or 0.25 per cent, to Rs 5,299 per 10 quintals with an open interest of 53,730 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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