Guar seed prices on Tuesday rose by Rs 30 to Rs 4,024 per 10 quintal in futures trade after participants widened their holdings driven by a firm trend at spot market.
On the National Commodity and Derivatives Exchange, guar seed for December contracts rose by Rs 30, or 0.75, to Rs 4,024 per 10 quintal with an open interest of 3,165 lots.
Similarly, guar seed for January delivery gained Rs 46, or 1.14 per cent, to Rs 4,088 per 10 quintal with an open interest lots of 82,790.
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.
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