Guar Seed Futures Rise on Spot Demand
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.
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.
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