Guar Gum Futures Surge on Strong Demand
Dec 21, 2023 14:30
Guar gum futures prices climbed on the National Commodity and Derivatives Exchange (NCDEX) due to increased demand and speculation. Learn more.
New Delhi, Dec 21 (PTI) Guar gum prices on Thursday increased Rs 253 to Rs 10,454 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 253 or 2.42 per cent at Rs 10,454 per five quintals with an open interest of 53,255 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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