Guar seed futures rise on fresh bets

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New Delhi, Nov 5 (PTI) Guar seed prices on Thursday rose by Rs 6 to Rs 4,293 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 November contracts increased by Rs 6, or 0.14 per cent, to Rs 4,293 per 10 quintal with an open interest of 24,095 lots.

Similarly, guar seed for December delivery traded higher by Rs 9, or 0.21 per cent, to Rs 4,346 per 10 quintal with an open interest of 40,675 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 guar seed prices here. PTI SRS RUJ RUJ