Guar gum prices climbed in futures trading on Thursday, driven by increased speculator holdings and strong spot demand. Learn more about the guar gum market.
New Delhi, Jul 25 (PTI) Guar gum prices on Thursday increased Rs 12 to Rs 10,603 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 August delivery traded higher Rs 12 or 0.11 per cent at Rs 10,603 per quintal with an open interest of 41,760 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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