Guar Seed Futures Surge on Spot Demand - PTI
Guar seed futures prices climbed on Wednesday due to strong spot demand and thin supplies, driven by speculators raising bets. Read more on PTI.
New Delhi, Dec 20 (PTI) Guar seed prices on Wednesday climbed Rs 58 to Rs 5,358 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 December delivery rose Rs 58 or 1.08 per cent to Rs 5,358 per 10 quintals with an open interest of 71,635 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.
On the National Commodity and Derivatives Exchange, guar seed contracts for December delivery rose Rs 58 or 1.08 per cent to Rs 5,358 per 10 quintals with an open interest of 71,635 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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