Guar seed futures rise

Guar seed prices on Thursday rose Rs 6.5 to Rs 4,283.5 per 10 quintal in futures trade as participants built their positions driven by a firm trend at spot market.

On the National Commodity and Derivatives Exchange, guar seed contracts for December traded higher by Rs 6.5, or 0.15 per cent, to Rs 4,283.5 pe 10 quintal with an open interest of 80,570 lots.

For January contracts, guar seed futures gained Rs 2.5, or 0.06 per cent, to Rs 4,318 per 10 quintal with an open interest of 19,400 lots.

According to marketmen, raising of bets by speculators tracking a firm trend at spot market amid thin supplies from growing belts mainly led to rise in prices here