Guar gum futures prices surged on the National Commodity and Derivatives Exchange due to firm spot demand and increased speculation. Read more about the market trends.
New Delhi, Sep 17 (PTI) Guar gum prices on Tuesday increased Rs 32 to Rs 10,915 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 32 or 0.29 per cent at Rs 10,915 per quintal with an open interest of 49,840 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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