Guar seed futures prices climbed on the National Commodity and Derivatives Exchange, driven by strong spot market demand and limited supplies.
New Delhi, Jan 15 (PTI) Guar seed prices on Monday rose Rs 6 to Rs 5,484 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 January delivery rose Rs 6, or 0.11 per cent, to Rs 5,484 per 10 quintals with an open interest of 4,940 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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