Guar Gum Futures Rise on Demand
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Guar gum futures climb on firm spot demand. December contracts up Rs 26 at Rs 8,449/quintal on NCDEX. Analysts cite physical market trend.
New Delhi, Nov 18 (PTI) Guar gum prices on Tuesday rose Rs 26 to Rs 8,449 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 26, or 0.31 per cent, at Rs 8,449 per quintal with an open interest of 50,840 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 26, or 0.31 per cent, at Rs 8,449 per quintal with an open interest of 50,840 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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