Business Standard

Spot demand lifts guar seed futures


Press Trust of India New Delhi
Guar seed prices improved by Rs 11 to Rs 4,215 per quintal in futures trade today as participants enlarged their holdings in tune with upbeat physical markets.
At the National Commodity and Derivatives Exchange, guar seed for delivery in November fell by Rs 11 or 0.26 per cent to Rs 4,215 per quintal, in an open interest of 8,510 lots.
Guar seed for the most-traded delivery in October rose by Rs 5.50 or 0.13 per cent at Rs 4,181 per quintal, with an open interest of 1,03,980 lots.
The rise in guar seed prices at futures market was mostly attributed to raising of bets by traders amid a firm trend at the spot markets, analysts said.

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First Published: Aug 29 2018 | 12:25 PM IST

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