Guar Gum Futures Rise on Firm Demand
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Guar gum futures prices rose on Tuesday due to increased demand and speculation. The rise was attributed to firm spot demand and traders raising their bets.
New Delhi, Apr 1 (PTI) Guar gum prices on Tuesday rose Rs 42 to Rs 10,408 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 Rs 42 or 0.40 per cent at Rs 10,408 per quintal with an open interest of 28,640 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 May delivery traded higher Rs 42 or 0.40 per cent at Rs 10,408 per quintal with an open interest of 28,640 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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