Guar Gum Futures Rise: Demand & Price Update
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Guar gum futures jump on firm demand. April contracts rise to Rs 10,014/quintal on NCDEX. Speculators increase holdings. Get the latest market trends.
New Delhi, Mar 16 (PTI) Guar gum prices on Monday rose Rs 56 to Rs 10,014 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 April delivery traded higher by Rs 56, or 0.56 per cent, at Rs 10,014 per quintal with an open interest of 56,895 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 April delivery traded higher by Rs 56, or 0.56 per cent, at Rs 10,014 per quintal with an open interest of 56,895 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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