Guar gum futures prices surged on the National Commodity and Derivatives Exchange (NCDEX) due to robust spot demand and increased speculation.
New Delhi, Jul 3 (PTI) Guar gum prices on Wednesday increased Rs 108 to Rs 10,313 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 Rs 108 or 1.05 per cent at Rs 10,313 per five quintals with an open interest of 24,985 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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