Guar Seed Futures Rise on Spot Demand
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.
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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