Guar Gum Futures Rise on Demand
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Guar gum futures climb on firm spot demand. December contracts up Rs 56 to Rs 8,492/quintal. Analyst views inside.
New Delhi, Nov 28 (PTI) Guar gum prices on Friday rose Rs 56 to Rs 8,492 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 56, or 0.66 per cent, to Rs 8,492 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 56, or 0.66 per cent, to Rs 8,492 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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