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Guar seed futures surge 2.07%

Press Trust of India  |  New Delhi 

seed prices soared by 2.07 per cent to Rs 4,488 per in futures trade today as investors increased their holdings amid strong physical market leads.

Marketmen said tracking firm physical market stance, traders opted to raise their bets, which enthused the seed futures prices.

In the spot market, sturdy demand for gum makers, amid thin ready stocks, pushed up the prices.

At the National Commodity and Derivatives Exchange, guar seed delivery for the October contract jumped up by Rs 91, or 2.07 per cent, to Rs 4,488 per with an open interest of 1,11,790 lots.

Likewise, the delivery of November contract surged by Rs 80, or 1.80 per cent, to Rs 4,524 per as open interest stood at 6,640 lots.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 10 2018. 12:35 IST
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