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 for price rise.
New Delhi, Oct 16 (PTI) Guar gum prices on Thursday rose Rs 75 to Rs 9,122 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 75 or 0.82 per cent at Rs 9,122 per quintal with an open interest of 51,675 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 75 or 0.82 per cent at Rs 9,122 per quintal with an open interest of 51,675 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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