Guar seed futures prices rose on Friday, driven by increased speculation and strong demand in the spot market. Read more on PTI.
New Delhi, Sep 13 (PTI) Guar seed prices on Friday rose Rs 69 to Rs 5,405 per quintal in 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 October delivery grew Rs 69 or 1.28 per cent to Rs 5,405 per quintal with an open interest of 45,400 lots.
According to marketmen, speculators raised bets, a firm trend in the spot market and thin supplies from growing belts mainly led to the rise in guar seed prices.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback