New Delhi, Guar seed prices on Monday rose Rs 54 to Rs 6,260.0 per quintals in the futures trade after speculators increased their positions driven by a firm trend at the spot market. On the National Commodity and Derivatives
Exchange, guar seed for April contracts increased Rs 54 , or 0.87 per cent, to Rs 6,260.0 per quintals with an open interest of 73,365 lots.
According to marketmen, raising of bets by speculators tracking a firm trend in the spot market on thin supplies from growing belts mainly led to a rise in guar seed prices here.
Mandibhav
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