Guar Seed Futures Rise on Spot Demand
Guar seed futures prices rose on Tuesday due to strong spot market demand and increased speculation. The December contract gained Rs 44 to Rs 5,206 per quintal on the National Commodity and Derivatives Exchange.
New Delhi, Nov 26 (PTI) Guar seed prices on Tuesday rose Rs 44 to Rs 5,206 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 December delivery increased Rs 44 or 0.85 per cent to Rs 5,206 per quintal with an open interest of 54,500 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 December delivery increased Rs 44 or 0.85 per cent to Rs 5,206 per quintal with an open interest of 54,500 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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