Guar seed futures prices rose on Tuesday due to strong spot demand and thin supplies. Speculators increased their positions, driving prices up on the National Commodity and Derivatives Exchange.
New Delhi, Feb 6 (PTI) Guar seed prices on Tuesday rose Rs 9 to Rs 5,292 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 February delivery rose Rs 9, or 0.17 per cent, to Rs 5,292 per 10 quintals with an open interest of 39,700 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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