Guar seed futures gain on spot demand

New Delhi, Aug 30 (PTI) Guar seed prices on Friday rose Rs 6 to Rs 5,299 per quintal in futures trade after speculators widened their positions amid a firm trend in the spot market.

On the National Commodity and Derivatives Exchange, guar seed contracts for September delivery rose Rs 6 or 0.11 per cent to Rs 5,299 per quintal with an open interest of 39,110 lots.

According to marketmen, speculators raised bets, a firm trend in the spot market and thin supplies from growing belts mainly led to the rise in guar seed prices.