Guar seed prices soared by 2.07 per cent to Rs 4,488 per quintal in futures trade today as investors increased their holdings amid strong physical market leads.
Marketmen said tracking firm physical market stance, traders opted to raise their bets, which enthused the guar seed futures prices.
In the spot market, sturdy demand for guar gum makers, amid thin ready stocks, pushed up the prices.
At the National Commodity and Derivatives Exchange, guar seed delivery for the October contract jumped up by Rs 91, or 2.07 per cent, to Rs 4,488 per quintal with an open interest of 1,11,790 lots.
Likewise, the delivery of November contract surged by Rs 80, or 1.80 per cent, to Rs 4,524 per quintal as open interest stood at 6,640 lots.
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