Guar seed futures rise on fresh bets

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New Delhi, Dec 22 (PTI) Guar seed prices on Tuesday rose by Rs 11 to Rs 3,864 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 January contracts increased by Rs 11, or 0.21 per cent, to Rs 3,864 per 10 quintal with an open interest of 52,180 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. PTI RUJ SHW SHW