Guar seed futures surged on MCX on bargain buying, supported by some local inquiries for the new crop. However, higher arrivals as well as hopes of higher output from the major producing belts, capped the further gains in Guar seed price.
The contract for October delivery was trading at Rs 5,660.00/100 Kg, up by 1.02% or Rs 57.00 from its previous closing of Rs 5,603.00/100 Kg. The open interest of the contract stood at 90 lots.
The contract for November delivery was trading at Rs 5,447.00/100 Kg, up by 3.99% or Rs 209.00 from its previous closing of Rs 5,238.00/100 Kg. The open interest of the contract stood at 95 lots on MCX.