Guar seed prices inched higher by 1.42 per cent to Rs 3,829.50 per quintal in futures trade today as participants raised bets, taking positive cues from the spot market.
The rise in guar seed prices at futures market was mostly supported by widening of holdings by participants, driven by a firm trend at the physical markets on brisk demand from guar gum makers, marketmen said.
At the National Commodity and Derivatives Exchange, guar seed for delivery in August contracts was trading notably higher by Rs 53.50, or 1.42 per cent, to Rs 3,829.59 per quintal, clocking an open interest of 26,980 lots.
Also, the delivery of the July contract spurted by Rs 49.50, or 1.37 per cent, to Rs 3,659 per quintal with an open interest of 76,820 lots.
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