Guar Gum Futures Rise on Demand
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Guar gum futures climb on firm spot demand. February contracts up on NCDEX. Analysts cite physical market trend for price increase.
New Delhi, Jan 19 (PTI) Guar gum prices on Monday rose Rs 67 to Rs 10,754 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 67 or 0.63 per cent at Rs 10,754 per quintal with an open interest of 61,920 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 67 or 0.63 per cent at Rs 10,754 per quintal with an open interest of 61,920 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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