Guar Seed Futures Rise on Spot Demand
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Guar seed futures prices increased due to speculator positions, spot market trend, and thin supplies. Sept contracts rise Rs 18 to Rs 5,299.
New Delhi, Aug 6 (PTI) Guar seed prices on Wednesday increased Rs 18 to Rs 5,299 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 September delivery rose Rs 18 or 0.34 per cent to Rs 5,299 per quintal with an open interest of 40,665 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 September delivery rose Rs 18 or 0.34 per cent to Rs 5,299 per quintal with an open interest of 40,665 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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