Guarseed prices rose by Rs 25 to Rs 2,511 per quintal in futures trading today owing to increased buying by speculators, guided by firm spot market sentiment.
Marketmen said pick up in demand amid restricted supply in physical markets, led to a rise here in futures price of guarseed.
At the National commodity and Derivatives Exchange counter, guarseed price for the most-active January-month contract delivered at Jodhpur hardened by Rs 25 or 1.01 per cent to Rs 2,511 per quintal, with an open interest of 1,67,690 lots.
Current December contract also moved up in line with other contracts by Rs 20 or 0.82 per cent to Rs 2,462 per quintal, with an open interest of 68,550 lots.