Guar Gum Futures Rise on Demand
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Guar gum futures jump on firm spot demand. November contracts rise on the National Commodity and Derivatives Exchange.
New Delhi, Oct 23 (PTI) Guar gum prices on Thursday rose Rs 118 to Rs 9,052 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 118 or 1.30 per cent at Rs 9,052 per quintal with an open interest of 45,935 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 118 or 1.30 per cent at Rs 9,052 per quintal with an open interest of 45,935 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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