New Delhi: In futures trading, guar seed prices increased by Rs 26 to Rs 5,436 per quintal on Friday as speculators increased their positions due to a strong trend in the spot market.
Guar seed contracts for August delivery on the National Commodity and Derivatives Exchange increased by Rs 26 or 0.48 percent to Rs 5,436 per quintal, with 45,795 lots in open interest.
Market analysts believe that speculators increased their investments due to a strong spot market trend and limited supplies from growing regions, resulting in a rise in guar seed prices.
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