Guar gum futures prices climbed on the National Commodity and Derivatives Exchange (NCDEX) due to firm demand and increased speculation. Learn more about the market trend.
New Delhi, Jun 24 (PTI) Guar gum prices on Monday increased Rs 28 to Rs 10,594 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 July delivery traded higher by Rs 28 or 0.26 per cent at Rs 10,594 per five quintals with an open interest of 44,065 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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