Guar seed futures prices rose on Friday due to increased speculative activity and a strong spot market, according to the National Commodity and Derivatives Exchange.
New Delhi, Aug 30 (PTI) Guar seed prices on Friday rose Rs 6 to Rs 5,299 per quintal in futures trade after speculators widened their positions amid a firm trend in the spot market.
On the National Commodity and Derivatives Exchange, guar seed contracts for September delivery rose Rs 6 or 0.11 per cent to Rs 5,299 per quintal with an open interest of 39,110 lots.
According to marketmen, speculators raised bets, 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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