Guar Gum Futures Rise on Demand
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Guar gum futures climb on firm spot demand. November contracts up at Rs 9,140/quintal on NCDEX. Analysts cite physical market trend.
New Delhi, Oct 15 (PTI) Guar gum prices on Wednesday rose Rs 55 to Rs 9,140 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 55 or 0.60 per cent at Rs 9,140 per quintal with an open interest of 50,670 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 55 or 0.60 per cent at Rs 9,140 per quintal with an open interest of 50,670 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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