The price of guar seeds in the futures market recorded an increase of Rs 84, hitting Rs 4,835 per quintal. This increase was driven by speculators growing their holdings in reaction to a solid trend that was observed in the spot market.

The contracts for guar seed that were due for delivery in November on the NCDEX witnessed a gain of Rs 84, which reflected a rise of 1.74%. This resulted in the price of Rs 4,835 per quintal. There were 47,110 lots that were available for purchase.

The rise in the price of guar seeds, according to market observers, may be linked to a number of factors, including an increase in speculative investments, a solid trend observed in the spot market, and limited supply coming from major agricultural regions.