Guar Gum Futures Surge on Strong Demand - PTI
Jul 05, 2024 13:53
Guar gum futures prices rose on the National Commodity and Derivatives Exchange (NCDEX) due to firm spot demand and increased speculation. Read more.
New Delhi, Jul 5 (PTI) Guar gum prices on Friday increased Rs 178 to Rs 10,431 per five quintals in futures trade as speculators increased their holdings amid a firm spot demand.
On the National Commodity and Derivatives Exchange, guar gum contracts for July delivery traded higher Rs 178 or 1.71 per cent at Rs 10,431 per five quintals with an open interest of 20,210 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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