Guar seed prices rose Rs 21 to Rs 5,498 per quintal in futures trade on Friday amid increased bets by investors.
On the National Commodity and Derivatives Exchange (NCDEX), guar seed contracts for April delivery climbed Rs 21, or 0.38%, to Rs 5,498 per quintal, with an open interest of 50,750 lots.
Market participants said higher investor participation in futures trade, despite a decline in spot prices, supported the rise in guar seed prices.