Guar seed futures gain on spot demand

New Delhi, Mar 20 () Guar seed prices rose by Rs 54 to Rs 3,444 per 10 quintal in futures trade on Friday due to raising of bets by participants following firm spot demand.

Marketmen said apart from fresh bets, gain in guar seed futures prices was also due to limited supplies from growing belts.

On the National Commodity and Derivatives Exchange, guar seed contracts for April delivery rose by Rs 54, or 1.59 per cent, to Rs 3,444 per 10 quintal with an open interest of 49,310 lots.

Similarly, guar seed contracts for May delivery traded up by Rs 44, or 1.29 per cent, to Rs 3,460 per 10 quintal in an open interest of 9,880 lots. VHP SHWSHW