Guar seed futures prices surged on the National Commodity and Derivatives Exchange due to strong spot market demand and limited supplies.
New Delhi, Apr 5 (PTI) Guar seed prices on Friday rose Rs 68 to Rs 5,273 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 April delivery rose Rs 68 or 1.29 per cent to Rs 5,273 per 10 quintals with an open interest of 34,275 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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