Guar Gum Futures Rise on Strong Demand - PTI
Sep 05, 2024 14:28
Guar gum futures prices surged on the National Commodity and Derivatives Exchange due to firm spot demand and increased speculation. Learn more about the market trends.
New Delhi, Sep 5 (PTI) Guar gum prices on Thursday increased Rs 9 to Rs 10,622 per quintal in futures trade as speculators increased their holdings amid a firm spot demand.
On the National Commodity and Derivatives Exchange, guar gum contracts for October delivery traded higher by Rs 9 or 0.08 per cent at Rs 10,622 per quintal with an open interest of 38,275 lots.
Analysts said after tracking a firm physical market trend, traders raised their bets, which led to the rise in guar gum prices.
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