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 20 (PTI) Guar gum prices on Thursday rose Rs 68 to Rs 8,472 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 68, or 0.80 per cent, to Rs 8,472 per quintal with an open interest of 49,680 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 68, or 0.80 per cent, to Rs 8,472 per quintal with an open interest of 49,680 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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