India, June 1 -- Guar seed futures traded marginally higher on Monday as increased participation from market participants supported prices despite weakness in the spot market.
On the National Commodity and Derivatives Exchange (NCDEX), the June delivery contract gained Rs 10, or 0.17 per cent, to trade at Rs 5,993 per quintal. Open interest in the contract stood at 45,090 lots.
According to market participants, fresh buying interest and higher positions taken by traders contributed to the uptick in futures prices, even as spot market rates remained under pressure.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....