Guar Seed Futures Rise on Spot Demand
Guar seed futures prices gained on Friday due to increased speculator interest and a firm trend in the spot market, with supplies from growing belts remaining thin.
New Delhi, Jan 3 (PTI) Guar seed prices on Friday rose Rs 4 to Rs 5,465 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 February delivery increased Rs 4 or 0.07 per cent to Rs 5,465 per quintal with an open interest of 56,825 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 February delivery increased Rs 4 or 0.07 per cent to Rs 5,465 per quintal with an open interest of 56,825 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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