Guar Gum Futures Drop on Weak Demand - PTI
By Rediff Money Desk, New Delhi Jun 12, 2024 14:00
Guar gum futures prices fell on Wednesday due to weak demand and ample supply in the spot market. Traders offloaded holdings, leading to a drop of Rs 21 to Rs 10,431 per five quintals.
New Delhi, Jun 12 (PTI) Guar gum prices on Wednesday dropped Rs 21 to Rs 10,431 per five quintals in the futures market as traders offloaded their holdings in line with a weak trend in the spot market.
On the National Commodity and Derivatives Exchange, guar gum for June delivery fell Rs 21 or 0.20 per cent to Rs 10,431 per five quintals in 6,455 lots.
Marketmen said slackness in demand in the spot market and ample supplies from growing regions put pressure on guar gum prices.
On the National Commodity and Derivatives Exchange, guar gum for June delivery fell Rs 21 or 0.20 per cent to Rs 10,431 per five quintals in 6,455 lots.
Marketmen said slackness in demand in the spot market and ample supplies from growing regions put pressure on guar gum prices.
Source: PTI
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.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 8.29 ( -0.84)
- 38643247
- Srestha Finvest
- 0.63 (+ 5.00)
- 36611024
- Home First Finance
- 1,074.55 (+ 2.10)
- 22560337
- G G Engineering
- 1.85 ( -0.54)
- 20632419
- Ola Electric Mobilit
- 93.26 (+ 6.68)
- 14710812
MORE NEWS
SBI to Open 500 New Branches in FY25 | Latest News
State Bank of India (SBI) plans to open 500 new branches across India in FY25. The bank...
Sensex, Nifty Rise on Blue-Chip Buying | Stock...
Indian stock indices Sensex and Nifty closed higher on Monday, driven by gains in...
Rupee Hits All-Time Low: 84.73 Against US Dollar
The Indian rupee plunged to a record low of 84.73 against the US dollar on Monday,...