Guar seed futures gain on spot demand

On
Guar seed futures gain on spot demand

 Guar seed prices on Monday rose Rs 2 to Rs 5,187 per quintal in the futures trade after speculators widened their positions amid a firm trend in the spot market.

 Guar seed prices on Monday rose Rs 2 to Rs 5,187 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 seedcontracts for December delivery increased Rs 2 or 0.04 per cent to Rs 5,187 per quintal with an open interest of 57,340 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.