Guar Gum Futures Rise on Demand
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Guar gum futures climb on firm spot demand. December contracts up on NCDEX. Analysts cite physical market trend for price rise.
New Delhi, Nov 14 (PTI) Guar gum prices on Friday rose Rs 33 to Rs 8,477 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 December delivery traded higher by Rs 33, or 0.39 per cent, at Rs 8,477 per quintal with an open interest of 47,920 lots.
Analysts said after tracking a firm physical market trend, traders raised their bets, which led to a rise in guar gum prices.
On the National Commodity and Derivatives Exchange, guar gum contracts for December delivery traded higher by Rs 33, or 0.39 per cent, at Rs 8,477 per quintal with an open interest of 47,920 lots.
Analysts said after tracking a firm physical market trend, traders raised their bets, which led to a rise in guar gum prices.
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