Guar Gum Futures Rise on Strong Demand - PTI

Oct 18, 2024 13:53

Guar gum futures prices surged on the National Commodity and Derivatives Exchange (NCDEX) due to firm spot demand and increased speculation. Learn more about the price increase.

New Delhi, Oct 18 (PTI) Guar gum prices on Friday rose Rs 11 to Rs 11,240 per quintal in the futures market as speculators increased their holdings amid a firm spot demand.

On the National Commodity and Derivatives Exchange, guar gum for November delivery advanced Rs 11 or 0.10 per cent to Rs 11,240 per quintal in 53,900 lots.

Analysts said after tracking a firm physical market trend, traders raised their bets, which led to the rise in guar gum prices.

Source: PTI

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