Guar seed futures prices gained on Wednesday due to increased speculator activity and firm spot market trends. Learn more about the market dynamics.
New Delhi, Feb 28 (PTI) Guar seed prices on Wednesday rose Rs 10 to Rs 5,345 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 March delivery rose Rs 10, or 0.19 per cent, to Rs 5,345 per 10 quintals with an open interest of 59,010 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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