Guar Gum Futures Rise: Demand & Price Surge
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Guar gum futures jump on firm spot demand. May contracts rise on NCDEX. Analyst insights on price trends and market activity.
New Delhi, Apr 16 (PTI) Guar gum prices on Thursday rose by Rs 69 to Rs 10,651 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 69, or 0.64 per cent, to Rs 10,651 per quintal with an open interest of 64,000 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 69, or 0.64 per cent, to Rs 10,651 per quintal with an open interest of 64,000 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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