Guar gum futures prices surged on the National Commodity and Derivatives Exchange (NCDEX) due to increased demand and speculative buying. Learn more about the market trend.
New Delhi, Aug 9 (PTI) Guar gum prices on Friday increased Rs 14 to Rs 10,606 per quintal in futures trade as speculators increased their holdings amid a firm spot demand.
On the National Commodity and Derivatives Exchange, guar gum contracts for September delivery traded higher Rs 14 or 0.95 per cent at Rs 10,606 per quintal with an open interest of 42,920 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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