Guar Seed Futures Rise on Spot Demand
Guar seed futures prices rose on Friday due to increased spot demand and speculation, with December contracts gaining Rs 8 to Rs 5,143 per quintal.
New Delhi, Dec 6 (PTI) Guar seed prices on Friday rose Rs 8 to Rs 5,143 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 8 or 0.16 per cent to Rs 5,143 per quintal with an open interest of 30,690 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 8 or 0.16 per cent to Rs 5,143 per quintal with an open interest of 30,690 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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