Guar seed futures up on firm demand

New Delhi, Nov 22 (PTI) Guar seed prices on Friday rose by Rs 16 to Rs 4,264 per 10 quintal in futures trade after participants widened their holdings driven by a firm trend at spot market.

On the National Commodity and Derivatives Exchange, guar seed for December contracts rose by Rs 16, or 0.38, to Rs 4,264 per 10 quintal with an open interest of 79,120 lots.

Similarly, guar seed for January delivery gained Rs 14, or 0.33 per cent, to Rs 4,297 per 10 quintal with an open interest lots of 21,080 According to marketmen, raising of bets by speculators tracking a firm trend at spot market on thin supplies from growing belts mainly led to rise in prices here. PTI VHP SHWSHW