Guar gum futures prices on the National Commodity and Derivatives Exchange surged on Friday due to increased demand and speculation. Find out more about the market trends.
New Delhi, May 17 (PTI) Guar gum prices on Friday increased Rs 170 to Rs 10,738 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 May delivery traded higher Rs 170 or 0.56 per cent at Rs 10,738 per five quintals with an open interest of 48,290 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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