Guar seed futures rise on fresh bets

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New Delhi, Mar 26 (PTI) Guar seed prices on Friday rose by Rs 9 to Rs 3,771 per 10 quintal in futures trade after speculators increased their positions driven by a firm trend at spot market.

On the National Commodity and Derivatives Exchange, guar seed for April contracts increased by Rs 9, or 0.24 per cent, to Rs 3,771 per 10 quintal with an open interest of 42,235 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 rise in guar seed prices here.

Guar seed for May delivery traded at Rs 3,831, up Rs 4, or 0.1 per cent per 10 quintal with an open interest of 12,315 lots. PTI SRS SHW SHW