Guar seed futures gain on spot demand

New Delhi, Dec 30 (PTI) Guar seed prices on Monday rose Rs 10 to Rs 5,283 per quintal in the 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 January delivery increased Rs 10 or 0.19 per cent to Rs 5,283 per quintal with an open interest of 55,445 lots.

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