Guar seed futures gain on spot demand

New Delhi, Sep 17 (PTI) Guar seed prices on Tuesday rose Rs 9 to Rs 5,517 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 October delivery grew Rs 9 or 0.16 per cent to Rs 5,517 per quintal with an open interest of 49,250 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.