Guar Gum Futures Rise on Firm Demand
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Guar gum futures climb on strong spot demand. November contracts up on NCDEX. Analyst insights on market trends.
New Delhi, Oct 14 (PTI) Guar gum prices on Tuesday rose Rs 92 to Rs 9,258 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 92 or 0.99 per cent at Rs 9,258 per quintal with an open interest of 49,205 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 92 or 0.99 per cent at Rs 9,258 per quintal with an open interest of 49,205 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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