Guar Seed Futures Rise on Spot Demand
Guar seed futures prices rose on Thursday due to increased speculator activity and strong demand in the spot market.
New Delhi, Oct 24 (PTI) Guar seed prices on Thursday rose Rs 4 to Rs 5,364 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 November delivery grew Rs 4 or 0.07 per cent to Rs 5,364 per quintal with an open interest of 48,720 lots.
According to marketmen, speculators raising 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 November delivery grew Rs 4 or 0.07 per cent to Rs 5,364 per quintal with an open interest of 48,720 lots.
According to marketmen, speculators raising 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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