New Delhi: Guarseed prices rose by Rs 53 to Rs 5,195 per quintal in futures trade on Monday as speculators increased their bets amid a firm trend in the spot market.
On the National Commodity and Derivatives Exchange (NCDEX), the price of guarseed contract for September delivery rose by Rs 53, or 1.02 per cent, to Rs 5,195 per quintal with a turnover of 56,850 lots.
According to market sources, guarseed prices rose due to speculators increasing their bets, a firm trend in the spot market and lower supplies from producing regions.
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