Guar Gum Futures Rise on Demand
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Guar gum futures climb on firm spot demand. December contracts up Rs 22 at Rs 8,518/quintal on NCDEX. Analysts cite physical market trend.
New Delhi, Nov 24 (PTI) Guar gum prices on Monday rose Rs 22 to Rs 8,518 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 22, or 0.26 per cent, at Rs 8,518 per quintal with an open interest of 45,755 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 22, or 0.26 per cent, at Rs 8,518 per quintal with an open interest of 45,755 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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