Guar Seed Futures Surge on Spot Demand - PTI
Guar seed futures prices rose on the National Commodity and Derivatives Exchange (NCDEX) due to increased speculative activity and firm spot market trends. Learn more.
New Delhi, Jan 28 (PTI) Guar seed prices on Tuesday rose Rs 11 to Rs 5,417 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 February delivery increased Rs 11 or 0.20 per cent to Rs 5,417 per quintal with an open interest of 60,290 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 February delivery increased Rs 11 or 0.20 per cent to Rs 5,417 per quintal with an open interest of 60,290 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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