Guar seed prices regained Rs 48.50 to Rs 4,412 per quintal in futures trade today on optimistic purchases made by the participants following firm physical market trends.
Marketmen mentioned the recovery in the guar seed futures prices to halt in supplies from growing belts amid pick up in demand for guar gum makers at prevailing levels in the spot markets.
At the National Commodity and Derivatives Exchange counter, guar seed delivery for October surged by Rs 48.50 or 1.11 per cent to Rs 4,412 per quintal, with an open interest of 1,05,020 lots.
Meanwhile, the delivery for November advanced by Rs 39 or 0.89 per cent to Rs 4,439.50 per quintal, having an open interest of 6,510 lots.
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