Guarseed prices recovered by Rs 51 to Rs 3,839 per quintal in futures trading today as participants built up positions at prevailing levels.
Marketmen said fresh positions created by speculators, after yesterday's weakness, supported by a firm trend at the physical markets, mainly attributed rebound in guarseed prices at futures trade.
At the National Commodity and Derivative Exchange, guarseed for delivery in December month was trading higher by Rs 51 or 1.35 per cent to Rs 3,839 per quintal, with an open interest of 2,750 lots.
Also, the most-active delivery in October contracts was trading higher by Rs 47 or 1.27 per cent to Rs 3,762 per quintal, having an open interest of 72,920 lots.
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