Guar seed prices bounced by 2.54 per cent to Rs 4,302 per quintal in futures trade today after participants enlarged their portfolios, triggered by a firm trend at the spot markets on strong demand.
Marketmen said raising of bets by participants following robust demand at the spot markets against fall in arrivals from growing belts lifted guar seed futures prices.
At the National Commodity and Derivatives Exchange, guar seed contract for November delivery climbed Rs 106.50 or 2.54 per cent to Rs 4,302 per quintal in open interest of 2,380 lots.
Guar seed for delivery in October too spurted by Rs 90 or 2.15 per cent to Rs 4,271 per quintal with business turnover of 1,05,470 open lots.
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