Guar Gum Futures Rise on Demand
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Guar gum futures jump on firm spot demand. January contracts up on the National Commodity and Derivatives Exchange.
New Delhi, Dec 11 (PTI) Guar gum prices on Thursday rose Rs 136 to Rs 9,053 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 136 or 1.50 per cent at Rs 9,053 per quintal with an open interest of 47,915 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 136 or 1.50 per cent at Rs 9,053 per quintal with an open interest of 47,915 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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