Guar Gum Futures Rise on Demand
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Guar gum futures climb on firm spot demand. October contracts rise on NCDEX. Analysts cite physical market trend for price increase.
New Delhi, Sep 11 (PTI) Guar gum prices on Thursday rose Rs 26 to Rs 9,254 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 by Rs 26 or 0.28 per cent at Rs 9,254 per quintal with an open interest of 45,930 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 by Rs 26 or 0.28 per cent at Rs 9,254 per quintal with an open interest of 45,930 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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