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Guarseed futures rise on buying of fresh positions

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Guarseed futures rise on buying of fresh positions

New Delhi, Nov 25 (PTI) Guarseed prices on Thursday rose by Rs 80 to Rs 6,125 per 10 quintal in futures trade as speculators increased their positions due to a firm trend at the spot market.

On the NCDEX, Guarseed for delivery in December traded higher by Rs 80, or 1.32 per cent, at Rs 6,125 per 10 quintal in a business turnover of 50,475 lots.

Traders said speculators widened their positions in view of a firm trend at the spot market on deficient supplies from producing belts, which led to the rise in guar seed futures.

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