Guar seed futures gain on spot demand

New Delhi, Aug 8 (PTI) Guar seed prices on Thursday rose Rs 1 to Rs 5,279 per quintal 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 August delivery rose Rs 1 or 0.02 per cent to Rs 5,279 per quintal with an open interest of 18,530 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. PTI SGC DR