Guar seed prices came down by Rs 23 to Rs 4,289 per quintal in futures trade today as investors indulged in minimizing their holdings in tune with subdued physical markets sentiment.
Marketmen said investors reduced their bets, tracking a weakening trend at spot markets on persistent arrivals from growing belts against withdrawal of support by guar gum makers, leading to fall in guar seed prices in futures trade.
At the National Commodity and Derivatives Exchange platform, guar seed delivery for October slipped by Rs 23 or 0.53 per cent to Rs 4,289 per quintal, having an open interest of 1,05,160 lots.
Also, the contract for delivery in November eased by Rs 20.50 or 0.47 per cent to Rs 4,3454 per quintal, revealing an open interest of 14,830 lots.
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