Guar Gum Futures Rise on Demand
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Guar gum futures climb on firm spot demand. January contracts up on National Commodity and Derivatives Exchange.
New Delhi, Dec 10 (PTI) Guar gum prices on Wednesday rose Rs 21 to Rs 9,150 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 21 or 0.23 per cent at Rs 9,150 per quintal with an open interest of 44,910 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 21 or 0.23 per cent at Rs 9,150 per quintal with an open interest of 44,910 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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