New Delhi, Nov 24 (PTI) Guar seed prices on Friday increased by Rs 16 to Rs 5,623 per 10 quintals in futures trade after speculators widened their positions following a firm trend in the spot market.

On the National Commodity and Derivatives Exchange, guar seed contracts for December delivery rose Rs 16 or 0.28 per cent to Rs 5,623 per 10 quintals with an open interest of 69,705 lots.

According to marketmen, speculators raised bets, tracking a firm trend in the spot market and thin supplies from growing belts, which led to the rise in guar seed prices. PTI SGC ANU ANU