Guar gum futures prices surged on Wednesday due to strong spot demand, with speculators increasing their holdings. Read more on the latest commodity market trends.
New Delhi, Nov 1 (PTI) Guar gum prices on Wednesday increased by Rs 121 to Rs 11,460 per five quintals 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 by Rs 121 or 1.06 per cent at Rs 11,460 per five quintals with an open interest of 27,045 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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