Guar Gum Futures Rise on Demand
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Guar gum futures climb on firm spot demand. March contract up on NCDEX. Analysts cite physical market trend as a key factor.
New Delhi, Feb 17 (PTI) Guar gum prices on Tuesday rose Rs 9 to Rs 9,965 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 the March contract inched up by Rs 9, or 0.09 per cent, to Rs 9,965 per quintal in 59,375 lots. It had finished at Rs 9,956 per quintal in the previous session.
Analysts said that after tracking a firm physical market trend, traders raised their bets, which led to the rise in guar gum prices. PTI HG HG BAL
BAL
On the National Commodity and Derivatives Exchange, guar gum contracts for the March contract inched up by Rs 9, or 0.09 per cent, to Rs 9,965 per quintal in 59,375 lots. It had finished at Rs 9,956 per quintal in the previous session.
Analysts said that after tracking a firm physical market trend, traders raised their bets, which led to the rise in guar gum prices. PTI HG HG BAL
BAL
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