Guar Gum Futures Surge on Strong Demand
Feb 21, 2024 14:42
Guar gum futures prices rose on Wednesday due to firm spot demand and increased speculation. Learn more about the market trends and factors influencing the price.
New Delhi, Feb 21 (PTI) Guar gum prices on Wednesday increased Rs 127 to Rs 10,456 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 March delivery traded higher Rs 127 or 1.21 per cent at Rs 10,456 per five quintals with an open interest of 45,040 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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