Guar seed prices on rose

Guar seed prices on Wednesday rose by Rs 16.5 to Rs 4,134 per 10 quintal in futures trade after participants widened their holdings driven by a firm trend in the spot market.

On the National Commodity and Derivatives Exchange, guar seed for December contracts advanced by Rs 16.5, or 0.40, to Rs 4,134 per 10 quintal with an open interest of 73,800 lots.

Similarly, guar seed for January delivery gained by Rs 16, or 0.38 per cent, to Rs 4,172 per 10 quintal with an open interest of 31,080 lots.

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