Guar Gum Futures Rise: Demand & Price Surge
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Guar gum futures jump on strong spot demand. May contracts up Rs 59 to Rs 10,945/quintal. Analyst insights included.
New Delhi, Apr 8 (PTI) Guar gum prices on Wednesday rose by Rs 59 to Rs 10,945 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 59, or 0.54 per cent, to Rs 10,945 per quintal with an open interest of 46,880 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 59, or 0.54 per cent, to Rs 10,945 per quintal with an open interest of 46,880 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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