Guar Gum Futures Rise on Demand
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Guar gum futures climb to Rs 9,335/quintal on firm spot demand. Speculators increase holdings. October delivery details inside.
New Delhi, Sep 8 (PTI) Guar gum prices on Monday rose marginally to Rs 9,335 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 October delivery traded higher Re 1 or 0.01 per cent at Rs 9,335 per quintal with an open interest of 42,240 lots.
Analysts said after tracking a firm physical market trend, traders raised their bets, which led to the rise in guar gum prices.
On the National Commodity and Derivatives Exchange, guar gum contracts for October delivery traded higher Re 1 or 0.01 per cent at Rs 9,335 per quintal with an open interest of 42,240 lots.
Analysts said after tracking a firm physical market trend, traders raised their bets, which led to the rise in guar gum prices.
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