Guar Gum Futures Rise on Demand
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Guar gum futures climb on firm spot demand. November contracts up on NCDEX. Analysts cite physical market trend as reason for price increase.
New Delhi, Oct 10 (PTI) Guar gum prices on Friday rose Rs 5 to Rs 8,892 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 5 or 0.06 per cent at Rs 8,892 per quintal with an open interest of 40,160 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 5 or 0.06 per cent at Rs 8,892 per quintal with an open interest of 40,160 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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