Guar gum futures prices surged on the National Commodity and Derivatives Exchange due to firm spot demand and increased speculation. Learn more about the market trend.
New Delhi, Jul 22 (PTI) Guar gum prices on Monday increased Rs 59 to Rs 10,606 per 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 August delivery traded higher Rs 59 or 0.56 per cent at Rs 10,606 per quintals with an open interest of 47,650 lots.
Analysts said after tracking a firm physical market trend, traders raised their bets, which led to the rise in guar gum prices.
Home » Market News » Guar Gum Futures Rise on Strong Demand - PTI
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