Guarseed prices rose by Rs 43 to Rs 2,918 per quintal in future trade today on fresh buying by traders amid pick-up in demand in physical markets.
Market analysts said rising demand amid restricted supply at domestic markets influenced trading sentiments at futures trade here.
Also, strong demand from guargum making industries helped the uptrend in the guarseed futures prices, they added.
At the National Commodity and Derivatives Exchange, guarseed price for delivery in April gained Rs 43, or 1.50 per cent, to Rs 2,918 per quintal, with an open interest of 1,75,000 lots.
Similarly, prices for delivery in May moved up by Rs 42, or 1.44 per cent, to Rs 2,965 per quintal, with an open interest of 39,170 lots.
