Guar seed futures gain on spot demand

New Delhi, Jul 10 (PTI) Guar seed prices on Wednesday rose Rs 22 to Rs 5,358 per 10 quintals in futures trade after speculators widened their positions following a firm trend in the spot market.

On the National Commodity and Derivatives Exchange, guar seed contracts for July delivery rose Rs 22 or 0.41 per cent to Rs 5,358 per 10 quintals with an open interest of 15,455 lots.

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