Guar Seed Futures Rise on Spot Demand
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Guar seed futures prices increased on spot demand. Speculators widened positions amid firm spot market trend.
New Delhi, Aug 19 (PTI) Guar seed prices on Tuesday increased Rs 7 to Rs 5,221 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 7 or 0.13 per cent to Rs 5,221 per quintal with an open interest of 56,755 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 7 or 0.13 per cent to Rs 5,221 per quintal with an open interest of 56,755 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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