Guar seed futures gained on Monday due to increased speculator activity and strong spot market demand. Prices rose to Rs 5,280 per quintal on the NCDEX.
New Delhi, Oct 28 (PTI) Guar seed prices on Monday rose Rs 15 to Rs 5,280 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 15 or 0.28 per cent to Rs 5,280 per quintal with an open interest of 41,870 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.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback