In the futures market, the price of guar seeds experienced a rise of Rs 29, reaching Rs 4,758 per quintal. This increase was driven by speculators boosting their holdings in reaction to a robust trend that was observed in the spot market.

The contracts for guar seed that were due for delivery in November on the NCDEX experienced an increase of Rs 29, which reflected a gain of 0.61%. This resulted in the price reaching Rs 4,758 per quintal, and there was an open interest of 36,505 lots.

According to market observers, the rise in the price of guar seeds can be linked to a number of factors, including increased speculative activity, a robust trend observed in the spot market, and limited supplies coming from important agricultural regions.