Guar Gum Futures Rise on Demand
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Guar gum futures climb on firm spot demand. January contracts up on NCDEX. Analysts cite physical market trend for price rise.
New Delhi, Dec 3 (PTI) Guar gum prices on Wednesday rose Rs 53 to Rs 9,048 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 January delivery traded higher by Rs 53, or 0.59 per cent, at Rs 9,048 per quintal with an open interest of 35,330 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 January delivery traded higher by Rs 53, or 0.59 per cent, at Rs 9,048 per quintal with an open interest of 35,330 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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