Guar seed futures prices rose on Tuesday due to strong spot demand and tight supplies. Speculators increased their positions, driving prices up by Rs 31 to Rs 5,209 per quintal.
New Delhi, Aug 27 (PTI) Guar seed prices on Tuesday rose Rs 31 to Rs 5,209 per quintal 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 September delivery rose Rs 31 or 0.60 per cent to Rs 5,209 per quintal with an open interest of 43,770 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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