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 22 (PTI) Guar gum prices on Monday rose Rs 61 to Rs 9,111 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 Rs 61 or 0.67 per cent at Rs 9,111 per quintal with an open interest of 48,600 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 Rs 61 or 0.67 per cent at Rs 9,111 per quintal with an open interest of 48,600 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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