Guar Gum Futures Rise: Demand & Price Surge
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Guar gum futures jump Rs 232 to Rs 11,359/quintal on firm spot demand. Speculators increase holdings. June delivery details inside.
New Delhi, May 20 (PTI) Guar gum prices on Wednesday rose by Rs 232 to Rs 11,359 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 232, or 2.04 per cent, to Rs 11,359 per quintal with an open interest of 67,390 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 232, or 2.04 per cent, to Rs 11,359 per quintal with an open interest of 67,390 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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