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 trends.
New Delhi, Sep 5 (PTI) Guar gum prices on Thursday increased Rs 9 to Rs 10,622 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 October delivery traded higher by Rs 9 or 0.08 per cent at Rs 10,622 per quintal with an open interest of 38,275 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