Guar Gum Futures Rise: Demand & Price Analysis
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Guar gum futures jump on strong demand. March contracts rise to Rs 10,575/quintal. Explore the latest market trends and price analysis.
New Delhi, Feb 5 (PTI) Guar gum prices on Thursday rose Rs 83 to Rs 10,575 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 March delivery traded higher by Rs 83 or 0.79 per cent at Rs 10,575 per quintal with an open interest of 42,200 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 March delivery traded higher by Rs 83 or 0.79 per cent at Rs 10,575 per quintal with an open interest of 42,200 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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