Guar Seed Futures Rise on Spot Demand
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Guar seed futures climb on spot demand. February contracts rise on the National Commodity and Derivatives Exchange.
New Delhi, Jan 21 (PTI) Guar seed prices increased by Rs 25 to Rs 5,666 per quintal in futures trade amid higher bets by investors.
On the National Commodity and Derivatives Exchange, guar seed contracts for February delivery climbed by Rs 25, or 0.44 per cent, to Rs 5,666 per quintal with an open interest of 62,430 lots.
It had closed at Rs 5,641 per quintal in the previous session.
Marketmen said higher bets by investors despite a fall in spot prices supported guar seed prices in futures trade.
On the National Commodity and Derivatives Exchange, guar seed contracts for February delivery climbed by Rs 25, or 0.44 per cent, to Rs 5,666 per quintal with an open interest of 62,430 lots.
It had closed at Rs 5,641 per quintal in the previous session.
Marketmen said higher bets by investors despite a fall in spot prices supported guar seed prices in futures trade.
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