Guar seed futures prices gained on Tuesday, driven by strong spot market demand and thin supplies from growing regions. Speculators raised their positions, leading to a rise in prices.
New Delhi, May 7 (PTI) Guar seed prices on Tuesday rose Rs 35 to Rs 5,410 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 May delivery rose Rs 35 or 0.65 per cent to Rs 5,410 per 10 quintals with an open interest of 27,615 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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