Guar Gum Futures Rise on Demand
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Guar gum futures climb on firm spot demand. March contracts up on NCDEX. Analysts cite physical market trend for price rise.
New Delhi, Feb 20 (PTI) Guar gum prices on Friday rose by Rs 26 to Rs 9,948 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 26 or 0.26 per cent at Rs 9,948 per quintal with an open interest of 59,360 lots.
Analysts said after tracking a firm physical market trend, traders raised their bets, which led to the rise in guar gum prices. PTI DR DR BAL
BAL
On the National Commodity and Derivatives Exchange, guar gum contracts for March delivery traded higher by Rs 26 or 0.26 per cent at Rs 9,948 per quintal with an open interest of 59,360 lots.
Analysts said after tracking a firm physical market trend, traders raised their bets, which led to the rise in guar gum prices. PTI DR DR BAL
BAL
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