Guar Gum Futures Rise on Demand
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Guar gum futures climb on firm spot demand. May contracts up on NCDEX. Analysts cite physical market trend for price rise.
New Delhi, Apr 21 (PTI) Guar gum prices on Tuesday rose Rs 10 to Rs 11,327 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 May delivery traded higher by Rs 10, or 0.09 per cent, to Rs 11,327 per quintal with an open interest of 59,030 lots.
Analysts said after tracking a firm physical market trend, traders raised their bets, which led to a rise in guar gum prices.
On the National Commodity and Derivatives Exchange, guar gum contracts for May delivery traded higher by Rs 10, or 0.09 per cent, to Rs 11,327 per quintal with an open interest of 59,030 lots.
Analysts said after tracking a firm physical market trend, traders raised their bets, which led to a rise in guar gum prices.
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