Guarseed price shot up by Rs 72 or 2.94 per cent to Rs 2,522 per quintal in futures trade today, as speculators enlarged their holdings at the existing lower levels.
Marketmen said good demand at prevailing lower levels along with better offtake by guargum At the National Commodity and Derivatives Exchange, guarseed futures prices for October-month contract jumped up by Rs 72 or 2.94 per cent to Rs 2,522 per quintal, with an open interest of 310 lots.
June-month contract too moved higher in line with other contracts by Rs 8 or 0.33 per cent to Rs 2,416 per quintal, with an open interest of 1,41,450 lots.