Guar Gum Futures Rise on Firm Demand
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Guar gum futures climb on strong spot demand. October contracts up on NCDEX. Analysts cite firm physical market trend.
New Delhi, Sep 16 (PTI) Guar gum prices on Tuesday rose Rs 16 to Rs 9,311 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 October delivery traded higher Rs 16 or 0.17 per cent at Rs 9,311 per quintal with an open interest of 50,010 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 October delivery traded higher Rs 16 or 0.17 per cent at Rs 9,311 per quintal with an open interest of 50,010 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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