Guar Gum Futures Rise: Demand & Price Analysis
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Guar gum futures climb on strong spot demand. March contracts up Rs 45 to Rs 9,975/quintal. Analyst insights included.
New Delhi, Feb 18 (PTI) Guar gum prices on Wednesday rose Rs 45 to Rs 9,975 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 45 or 0.45 per cent at Rs 9,975 per quintal with an open interest of 60,725 lots.
Analysts said after tracking a firm physical market trend, traders raised their bets, which led to the rise in guar gum prices. PTI DR DR ANU
ANU
On the National Commodity and Derivatives Exchange, guar gum contracts for March delivery traded higher by Rs 45 or 0.45 per cent at Rs 9,975 per quintal with an open interest of 60,725 lots.
Analysts said after tracking a firm physical market trend, traders raised their bets, which led to the rise in guar gum prices. PTI DR DR ANU
ANU
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