Guar Gum Futures Rise: Demand & Price Analysis
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Guar gum futures climb on strong demand. January contracts up Rs 71 at Rs 9,147/quintal. Learn about price trends and market analysis.
New Delhi, Dec 12 (PTI) Guar gum prices on Friday rose Rs 71 to Rs 9,147 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 January delivery traded higher by Rs 71 or 0.78 per cent at Rs 9,147 per quintal with an open interest of 50,035 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 January delivery traded higher by Rs 71 or 0.78 per cent at Rs 9,147 per quintal with an open interest of 50,035 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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