Guar seed futures gain on fresh bets

New Delhi, Feb 4 () Guar seed prices on Tuesday rose by Rs 8 to Rs 3,866 per 10 quintal in futures trade after participants widened their holdings driven by a firm trend in spot market.

On the National Commodity and Derivatives Exchange, guar seed for February contracts rose by Rs 8, or 0.21 per cent, to Rs 3,866 per 10 quintal with an open interest of 46,110 lots.

Similarly, guar seed for March delivery gained Rs 8 to Rs 3,916 per 10 quintal with an open interest lots of 44,820.

According to marketmen, raising of bets by speculators tracking a firm trend in spot market on thin supplies from growing belts mainly led to rise in guar seed prices here. SHW RUJ RUJ