Guar Gum Futures Rise on Demand
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Guar gum futures climb on firm spot demand. November contracts up Rs 48 to Rs 8,822/quintal on NCDEX. Analysts cite physical market trend.
New Delhi, Oct 1 (PTI) Guar gum prices on Wednesday rose Rs 48 to Rs 8,822 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 November delivery traded higher Rs 48 or 0.54 per cent at Rs 8,822 per quintal with an open interest of 25,195 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 November delivery traded higher Rs 48 or 0.54 per cent at Rs 8,822 per quintal with an open interest of 25,195 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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