Guar seed futures prices rose on Wednesday due to increased demand in the spot market, driven by speculators and thin supplies. Read more.
New Delhi, Apr 3 (PTI) Guar seed prices on Wednesday rose Rs 58 to Rs 5,199 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 April delivery rose Rs 58 or 1.12 per cent to Rs 5,199 per 10 quintals with an open interest of 46,390 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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