Guar gum futures prices increased on the National Commodity and Derivatives Exchange due to firm spot demand and increased speculation.
New Delhi, Aug 22 (PTI) Guar gum prices on Thursday increased Rs 27 to Rs 10,142 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 27 or 0.27 per cent at Rs 10,142 per quintal with an open interest of 43,300 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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