Guar seed prices on Monday rose Rs 79 to Rs 4,361 per 10 quintal in futures trade as participants built their positions driven by a firm trend at spot market.
On the National Commodity and Derivatives Exchange, guar seed contracts for November traded higher by Rs 79, or 1.84 per cent, to Rs 4,361 per 10 quintal with an open interest of 26,360 lots.
For December contracts, guar seed futures gained Rs 75, or 1.77 per cent, to Rs 4,322.5 per 10 quintal with an open interest of 89,820 lots.
According to marketmen, raising of bets by speculators tracking a firm trend at spot market amid thin supplies from growing belts mainly led to rise in prices here.
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