Guar seed futures rise on fresh bets

News

NEW DELHI: Guar seed prices on Thursday rose by Rs 9 to Rs 4,082 per 10 quintal in futures trade after speculators increased their positions driven by a firm trend at spot market.

On the National Commodity and Derivatives Exchange, guar seed for June contracts increased by Rs 9, or 0.22 per cent, to Rs 4,082 per 10 quintal with an open interest of 16,410 lots.

According to marketmen, raising of bets by speculators tracking a firm trend in spot market on thin supplies from growing belts mainly led to rise in guar seed prices here.

Guar seed for July delivery traded at Rs 4,146, up Rs 4, or 0.1 per cent per 10 quintal with an open interest of 43,365 lots.

Articles You May Like

Lululemon shares surge after reporting 24% sales growth, raising full-year guidance
USD/JPY has risen in 10 of the past 12 trading days. What’s next
The US debt ceiling deal is done. Here are the details
How copper prices are getting affected by complex interplay of supply and demand
Kira-kira beginilah cara gw jadi Miliarder dari Trading Forex 😁🙏 #kenwilboy