Guar seed futures prices gained on Wednesday due to increased speculator activity and a firm trend in the spot market. Read more about the price rise and factors influencing it.
New Delhi, Dec 27 (PTI) Guar seed prices on Wednesday grew Rs 25 to Rs 5,521 per 10 quintals in futures trade after speculators widened their positions following a firm trend in the spot market.
On the National Commodity and Derivatives Exchange, guar seed contracts for January delivery rose Rs 25 or 0.45 per cent to Rs 5,521 per 10 quintals with an open interest of 57,385 lots.
According to marketmen, speculators raised bets, tracking 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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