Guarseed prices advanced by Rs 52 to Rs 3,635 per quintal in futures trade today following increased buying by traders in line with pick-up in demand at physical markets.
Market analysts said rising demand and restricted supply at domestic markets mainly influenced trading sentiments here in futures price of guarseed.
Strong demand from guargum making industries was another reason behind the price rise, they added.
At the National Commodity and Derivatives Exchange, guarseed for July delivery improved by Rs 52, or 1.45%, to Rs 3,635, with an open interest of 2,05,540 lots.
Likewise, August contract for guarseed gained Rs 51, or 1.51% to Rs 3,681, with an open interest of 61,920 lots.
