Guar seed futures gain on spot demand

New Delhi, Aug 6 (PTI) Guar seed prices on Tuesday rose Rs 20 to Rs 5,269 per 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 20 or 0.38 per cent to Rs 5,269 per quintals with an open interest of 24,240 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.