NEW DELHI: Guar seed prices on Wednesday rose by Rs 119 to Rs 6,356 per 10 quintal in futures trade after speculators increased their positions driven by a firm trend at spot market.
On the National Commodity and Derivatives Exchange, guar seed for September contracts increased by Rs 119, or 1.91 per cent, to Rs 6,356 per 10 quintal with an open interest of 6,345 lots.
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.
