Guar seed prices on Monday rose by Rs 52 to Rs 4,198 per 10 quintal in futures trade after participants widened their holdings driven by a firm trend in spot market.
On the National Commodity and Derivatives Exchange, guar seed for January contracts rose by Rs 52, or 1.25, to Rs 4,198 per 10 quintal with an open interest of 80,435 lots.
Similarly, guar seed for February delivery gained Rs 54, or 1.29 per cent, to Rs 4,244 per 10 quintal with an open interest lots of 19,085
According to marketmen, raising of bets by speculators tracking a firm trend in spot market on thin supplies from growing belts mainly led to rise in guar seed prices here.
Disclaimer: No Business Standard Journalist was involved in creation of this content
