Guar Gum Futures Rise on Firm Demand
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Guar gum futures climb on strong spot demand. November contracts up at Rs 8,780/quintal on NCDEX. Analysts cite firm physical market trend.
New Delhi, Oct 7 (PTI) Guar gum prices on Tuesday rose Rs 10 to Rs 8,780 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 November delivery traded higher Rs 10 or 0.11 per cent at Rs 8,780 per quintal with an open interest of 31,240 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 November delivery traded higher Rs 10 or 0.11 per cent at Rs 8,780 per quintal with an open interest of 31,240 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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