Guar seed futures prices rose on Tuesday due to strong spot demand and increased speculation. The November contract on the National Commodity and Derivatives Exchange gained Rs 8 to Rs 5,297 per quintal.
New Delhi, Oct 29 (PTI) Guar seed prices on Tuesday rose Rs 8 to Rs 5,297 per quintal in the 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 increased Rs 8 or 0.15 per cent to Rs 5,297 per quintal with an open interest of 40,945 lots.
According to marketmen, raising bets by speculators, 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