Guar gum futures prices increased on the National Commodity and Derivatives Exchange due to firm spot demand and increased speculation. Read more.
New Delhi, May 23 (PTI) Guar gum prices on Thursday increased Rs 61 to Rs 10,914 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 61 or 0.56 per cent at Rs 10,914 per five quintals with an open interest of 42,950 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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