Guar Gum Futures Rise on Demand
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Guar gum futures climb on firm spot demand. September contracts up Rs 49 to Rs 9,239/quintal. Analysts cite physical market trend.
New Delhi, Sep 9 (PTI) Guar gum prices on Tuesday rose Rs 49 to Rs 9,239 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 September delivery traded higher Rs 49 or 0.53 per cent at Rs 9,239 per quintal with an open interest of 43,385 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 September delivery traded higher Rs 49 or 0.53 per cent at Rs 9,239 per quintal with an open interest of 43,385 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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