Guar Seed Futures Rise on Spot Demand
Guar seed futures gained on Monday due to increased speculation and strong demand in the spot market, pushing prices up by Rs 29 to Rs 5,293 per quintal.
New Delhi, Sep 2 (PTI) Guar seed prices on Monday rose Rs 29 to Rs 5,293 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 October delivery grew Rs 29 or 0.55 per cent to Rs 5,293 per quintal with an open interest of 36,060 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 October delivery grew Rs 29 or 0.55 per cent to Rs 5,293 per quintal with an open interest of 36,060 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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