Guar Gum Futures Rise: Demand & Price Analysis
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Guar gum futures climb on strong demand. Analysis of price trends, market drivers, and futures trading on NCDEX.
New Delhi, Oct 30 (PTI) Guar gum prices on Thursday rose Rs 21 to Rs 8,633 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 November delivery traded higher Rs 21 or 0.24 per cent at Rs 8,633 per quintal with an open interest of 33,080 lots.
Analysts said after tracking a firm physical market trend, traders raised their bets, which led to the rise in guar gum prices.
On the National Commodity and Derivatives Exchange, guar gum contracts for November delivery traded higher Rs 21 or 0.24 per cent at Rs 8,633 per quintal with an open interest of 33,080 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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