Guar Gum Futures Rise on Demand
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Guar gum futures climb on firm spot demand. February contracts up Rs 197 to Rs 10,550/quintal. Learn more!
New Delhi, Jan 16 (PTI) Guar gum prices on Friday rose Rs 197 to Rs 10,550 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 February delivery traded higher by Rs 197 or 1.90 per cent at Rs 10,550 per quintal with an open interest of 60,590 lots.
Analysts said after tracking a firm physical market trend, traders raised their bets, which led to the rise in guar gum prices.
On the National Commodity and Derivatives Exchange, guar gum contracts for February delivery traded higher by Rs 197 or 1.90 per cent at Rs 10,550 per quintal with an open interest of 60,590 lots.
Analysts said after tracking a firm physical market trend, traders raised their bets, which led to the rise in guar gum prices.
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