Guar seed prices rose by Rs 46.50 to Rs 4,225 per quintal in futures trade Tuesday as traders widened their portfolios at existing levels, spurred by rising prices in the spot markets.
Marketmen said besides covering-up of short positions by participants, a firm trend at the physical markets following pick up in demand from guar gum makers, lifted guar seed prices in futures trade here.
At the National Commodity and Derivatives Exchange, guar seed for October was trading higher by Rs 46.50, or 1.11 per cent, to Rs 4,225 per quintal, with the business turnover in 99,270 open interest lots.
Also, the delivery of guar seed for November gained by Rs 44, or 1.04 per cent, to Rs 4,279 per quintal, with an open interest of 18,500 lots.
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