Guar seed prices went up by Rs 50 to Rs 4,393 per quintal in futures trade today on widening of holdings by participants in line with a firming trend at the spot markets on strong demand.
The rise in guar seed prices at the futures trade was mostly attributed to raising of bets by participants, tracking brisk demand from guar gum makers amid tight stock positions on halt in supplies from growing belts, traders said.
At the National Commodity and Derivatives Exchange, guar seed for delivery in November month contracts advanced Rs 50 or 1.15 per cent to Rs 4,393 per quintal, revealing an open interest of 3,310 lots.
Similarly, the most-traded delivery in October contract gained Rs 49 or 1.14 per cent to Rs 4,357 per quintal, with the business turnover of 1,08,730 open lots.
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