Guar Gum Futures Rise on Firm Demand
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Guar gum futures prices rose Rs 63 to Rs 9,847 per quintal on Friday due to increased speculator holdings and firm spot demand.
New Delhi, Aug 1 (PTI) Guar gum prices on Friday rose Rs 63 to Rs 9,847 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 63 or 0.64 per cent at Rs 9,847 per quintal with an open interest of 25,350 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 August delivery traded higher Rs 63 or 0.64 per cent at Rs 9,847 per quintal with an open interest of 25,350 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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