Guar seed prices on Thursday rose by Rs 62 to Rs 4,096 per 10 quintal in futures trade after participants widened their holdings driven by a firm trend in spot market.
On the National Commodity and Derivatives Exchange, guar seed for December contracts rose by Rs 62, or 1.54 per cent, to Rs 4,096 per 10 quintal with an open interest of 285 lots.
Similarly, guar seed for January delivery gained Rs 34, or 0.83 per cent, to Rs 4,124 per 10 quintal with an open interest lots of 83,290
According to marketmen, raising of bets by speculators tracking a firm trend in spot market on thin supplies from growing belts mainly led to rise in guar seed prices here.
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