Guar Gum Futures Rise: Demand Boosts Prices
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Guar gum futures jump on strong spot demand. May contracts rise on NCDEX. Analysts cite firm physical market trend as a key driver.
New Delhi, Apr 17 (PTI) Guar gum prices on Friday rose by Rs 108 to Rs 10,912 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 May delivery traded higher by Rs 108, or 0.99 per cent, to Rs 10,912 per quintal with an open interest of 61,875 lots.
Analysts said after tracking a firm physical market trend, traders raised their bets, which led to a rise in guar gum prices.
On the National Commodity and Derivatives Exchange, guar gum contracts for May delivery traded higher by Rs 108, or 0.99 per cent, to Rs 10,912 per quintal with an open interest of 61,875 lots.
Analysts said after tracking a firm physical market trend, traders raised their bets, which led to a rise in guar gum prices.
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