Guar seed futures rise on fresh bets

New Delhi. Guar seed prices on Tuesday rose by Rs 348 to Rs 5,810.00 per  quintals in the futures trade after speculators increased their positions driven by a firm trend at spot market.

On the National Commodity and Derivatives Exchange, guar seed for Dec contracts increased by Rs 348 or 5.83 percent to Rs 5810 per  quintals with an open interest of 38,095 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 the rise in guar seed prices here