New Delhi, June 3: Guarseed prices rose by Rs 16 to Rs 5,109 per quintal in futures trade on Tuesday as speculators increased their positions amid a firm trend in the spot market.
On the National Commodity and Derivatives Exchange, the price of guarseed contract for July delivery rose by Rs 16, or 0.31 percent, to Rs 5,109 per quintal in a business turnover of 35,480 lots.
According to market sources, the main reason for the rise in guarseed prices is speculators increasing their positions, firm trend in the spot market and lower supplies from producing regions.
