Guar Gum Futures Rise on Demand
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Guar gum futures climb on firm spot demand. October contracts up on NCDEX. Analysts cite physical market trend for price rise.
New Delhi, Sep 29 (PTI) Guar gum prices on Monday rose Rs 8 to Rs 9,000 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 8 or 0.09 per cent at Rs 9,000 per quintal with an open interest of 35,850 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 8 or 0.09 per cent at Rs 9,000 per quintal with an open interest of 35,850 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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