Guar seed prices on Friday rose Rs 35.5 to Rs 4,109.5 per 10 quintal in futures trade after participants widened their holdings, driven by a firm trend at the spot market.
On the National Commodity and Derivatives Exchange, guar seed for November contracts advanced by Rs 35.5, or 0.87, to Rs 4,109.5 per 10 quintal with an open interest of 69,050 lots.
Similarly, guar seed for December delivery gained Rs 28.5, or 0.69 per cent, to Rs 4,146 per 10 quintal in an open interest of 58,000 lots.
According to marketmen, raising of bets by speculators tracking a firm trend in spot market mainly led to rise in prices
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