Guar Gum Futures Rise on Firm Demand
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Guar gum futures prices increased by Rs 82 to Rs 12,350 per quintal on NCDEX due to strong spot demand and increased speculator holdings.
New Delhi, Jul 13 (PTI) Guar gum prices on Monday rose by Rs 82 to Rs 12,350 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 by Rs 82, or 0.66 per cent, to Rs 12,350 per quintal with an open interest of 61,090 lots.
Analysts said after tracking a firm physical market trend, traders raised their bets, which led to a rise in guar gum prices.
On the National Commodity and Derivatives Exchange, guar gum contracts for August delivery traded higher by Rs 82, or 0.66 per cent, to Rs 12,350 per quintal with an open interest of 61,090 lots.
Analysts said after tracking a firm physical market trend, traders raised their bets, which led to a rise in guar gum prices.
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