Guar Gum Futures Surge on Strong Demand - PTI
Dec 20, 2023 14:15
Guar gum futures prices climbed on the National Commodity and Derivatives Exchange (NCDEX) due to firm spot demand and increased speculation. Learn more.
New Delhi, Dec 20 (PTI) Guar gum prices on Wednesday increased Rs 331 to Rs 10,367 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 December delivery traded higher by Rs 331 or 3.19 per cent at Rs 10,367 per five quintals with an open interest of 45 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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