Guar Gum Futures Rise on Demand
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Guar gum futures jump on firm spot demand. November contracts rise on NCDEX. Analysts cite physical market trend for price increase.
New Delhi, Oct 8 (PTI) Guar gum prices on Wednesday rose Rs 131 to Rs 8,782 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 131 or 1.49 per cent at Rs 8,782 per quintal with an open interest of 34,985 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 131 or 1.49 per cent at Rs 8,782 per quintal with an open interest of 34,985 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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