Guar seed futures rise on fresh bets

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New Delhi, Apr 22 (PTI) Guar seed prices on Thursday rose by Rs 132 to Rs 4,241 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 May contracts increased by Rs 132, or 3.21 per cent, to Rs 4,241 per 10 quintal with an open interest of 53,950 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 June delivery traded at Rs 4,317, up Rs 140 or 3.35 per cent per 10 quintal with an open interest of 11,980 lots. PTI SRS ANS ANS