Guar gum futures prices surged on the National Commodity and Derivatives Exchange (NCDEX) due to firm spot demand and increased speculation. Learn more.
New Delhi, Jul 16 (PTI) Guar gum prices on Tuesday increased Rs 19 to Rs 10,581 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 19 or 0.18 per cent at Rs 10,581 per five quintals with an open interest of 2,930 lots.
Analysts said after tracking a firm physical market trend, traders raised their bets, which led to the rise in guar gum prices.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback