Guar Gum Futures Rise on Demand
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Guar gum futures climb on firm spot demand. March contracts up at Rs 10,540/quintal. Increased speculator holdings drive price rise.
New Delhi, Feb 3 (PTI) Guar gum prices on Tuesday rose Rs 213 to Rs 10,540 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 March delivery traded higher by Rs 213 or 2.06 per cent at Rs 10,540 per quintal with an open interest of 38,540 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 March delivery traded higher by Rs 213 or 2.06 per cent at Rs 10,540 per quintal with an open interest of 38,540 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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