Guar gum futures prices rose on the National Commodity and Derivatives Exchange due to increased speculation and firm spot demand. Read more about the market trend.
New Delhi, Jul 2 (PTI) Guar gum prices on Tuesday increased Rs 37 to Rs 10,251 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 37 or 0.36 per cent at Rs 10,251 per five quintals with an open interest of 27,265 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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