Guar seed futures prices on the National Commodity and Derivatives Exchange (NCDEX) rose on Wednesday due to increased demand in the spot market.
New Delhi, Feb 21 (PTI) Guar seed prices on Wednesday rose Rs 31 to Rs 5,423 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 March delivery rose Rs 31, or 0.57 per cent, to Rs 5,423 per 10 quintals with an open interest of 75,155 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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