Guar gum futures prices climbed on Wednesday due to firm demand and increased speculative holdings. Read more about the guar gum market trend.
New Delhi, May 29 (PTI) Guar gum prices on Wednesday increased Rs 30 to Rs 10,703 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 June delivery traded higher Rs 30 or 0.28 per cent at Rs 10,703 per five quintals with an open interest of 34,195 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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