Guar seed futures prices gained on Wednesday due to strong spot demand and thin supplies, according to PTI. Speculators increased their positions, driving up prices.
New Delhi, Mar 6 (PTI) Guar seed prices on Wednesday rose Rs 5 to Rs 5,165 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 5, or 0.10 per cent, to Rs 5,165 per 10 quintals with an open interest of 30,520 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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