Guar Seed Futures Rise on Spot Demand
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Guar seed futures prices increased due to speculator activity and strong spot market demand. December contracts saw a slight gain.
New Delhi, Nov 20 (PTI) Guar seed prices on Thursday gained by Rs 3 to Rs 4,715 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 went up by Rs 3, or 0.06 per cent, to Rs 4,715 per quintal with an open interest of 56,485 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 went up by Rs 3, or 0.06 per cent, to Rs 4,715 per quintal with an open interest of 56,485 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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