Guar Gum Futures Surge on Strong Demand - PTI
Apr 08, 2024 13:59
Guar gum futures prices climbed on the National Commodity and Derivatives Exchange (NCDEX) due to firm demand and increased speculation. Read more.
New Delhi, Apr 8 (PTI) Guar gum prices on Monday increased Rs 6 to Rs 10,664 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 April delivery traded higher Rs 6 or 0.06 per cent at Rs 10,664 per five quintals with an open interest of 105 lots.
Analysts said after tracking a firm physical market trend, traders raised their bets, which led to the rise in guar gum prices.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.