Guar Gum Futures Rise on Firm Demand - PTI
Guar gum futures prices increased on Tuesday due to strong spot demand and increased speculation. The National Commodity and Derivatives Exchange saw guar gum contracts for January delivery trade higher by Rs 115 or 1.11 per cent at Rs 10,371 per quintal.
New Delhi, Jan 7 (PTI) Guar gum prices on Tuesday increased Rs 115 to Rs 10,371 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 January delivery traded higher by Rs 115 or 1.11 per cent at Rs 10,371 per quintal with an open interest of 42,190 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 January delivery traded higher by Rs 115 or 1.11 per cent at Rs 10,371 per quintal with an open interest of 42,190 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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