Guar Gum Futures Surge on Strong Demand

Sep 27, 2024 13:35

Guar gum futures prices rose on the National Commodity and Derivatives Exchange due to firm demand in the physical market. Traders increased their bets on higher prices.

New Delhi, Sep 27 (PTI) Guar gum prices on Friday increased Rs 193 to Rs 11,559 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 Rs 193 or 1.70 per cent at Rs 11,559 per quintal with an open interest of 36,540 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

MORE NEWS

Gold Hits Record High for Third Day | Silver...

Gold prices surged to a new record high for the third consecutive day, driven by strong...

Poll-Bound States' Fiscal Profligacy: UBS...

UBS report warns of fiscal profligacy in poll-bound states, highlighting increased...

Assurance Intl Hiring 2,000 in India Over Next...

Assurance Intl, an automotive ancillaries player, plans to hire 2,000 people in India...

Sensex, Nifty Dip from Record Highs on Profit...

Indian stock indices Sensex and Nifty retreated from lifetime highs on Friday due to...

MakeMyTrip Offers Business Class Discounts

MakeMyTrip partners with 10 airlines and ICICI Bank to offer up to 20% off on...

India-Uzbekistan Bilateral Investment Treaty...

India and Uzbekistan have signed a Bilateral Investment Treaty (BIT) in Tashkent, aimed...

Model Gaon: Key to Rural Development &&...

UP govt official emphasizes the importance of 'Model Gaon' project for rural...

Sensex, Nifty Retreat from Highs on Profit...

Indian stock indices Sensex and Nifty fell back from record highs on Friday due to...

Karnataka GCC Policy: $50 Billion Economic...

Karnataka unveils a new Global Capacity Centres (GCC) policy aiming for USD 50 billion...

Rupee Falls 4 Paise to 83.70 vs US Dollar

The Indian Rupee depreciated by 4 paise to close at 83.70 against the US Dollar on...

Guar Gum Futures Surge on Strong Demand

You May Like To Read

MORE NEWS