Guar Gum Futures Rise: Demand & Price Surge
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Guar gum futures jump Rs 110 to Rs 11,280/quintal on firm demand. Speculators increase holdings. June delivery surges on NCDEX.
New Delhi, May 19 (PTI) Guar gum prices on Tuesday rose by Rs 110 to Rs 11,280 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 June delivery traded higher by Rs 110, or 0.98 per cent, to Rs 11,280 per quintal with an open interest of 67,960 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 June delivery traded higher by Rs 110, or 0.98 per cent, to Rs 11,280 per quintal with an open interest of 67,960 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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