Guarseed prices strengthened by Rs 21 to Rs 2,895 per quintal in future trade today on fresh buying by traders in line with pick-up in demand in physical markets.
Market analysts said rising demand along with restricted supply at domestic markets mainly influenced trading sentiments here.
Short covering by traders too pulled prices in positive territory, they added.
At the National Commodity and Derivatives Exchange, guarseed for delivery in April rose by Rs 21, or 0.73%, to Rs 2,895 per quintal, with an open interest of 1,13,430 lots.
Guarseed prices for delivery in May too attracted buyers attention and advanced by Rs 16, or 0.55%, to Rs 2,932 per quintal, with an open interest of 95,550 lots.
