Guar seed futures up on spot demand

New Delhi, Feb 14 () Guar seed prices on Friday rose by Rs 6 to Rs 3,824 per 10 quintal in futures trade after speculators increased their positions driven by a firm trend in spot market.

On the National Commodity and Derivatives Exchange, guar seed for February contracts rose by Rs 6, or 0.16 per cent, to Rs 3,824 per 10 quintal with an open interest of 5,290 lots.

Similarly, guar seed for March delivery gained Rs 6, or 0.16 per cent to Rs 3,860 per 10 quintal with an open interest lots of 72,625.

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. VHP SHWSHW
{{}}

(This story has not been edited by Business Insider and is auto-generated from a syndicated feed we subscribe to.)