Guar gum futures prices surged on Monday, driven by firm spot demand and increased speculation. Prices closed at Rs 10,963 per quintal on the National Commodity and Derivatives Exchange.
New Delhi, Sep 23 (PTI) Guar gum prices on Monday increased Rs 176 to Rs 10,963 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 176 or 1.61 per cent at Rs 10,963 per quintal with an open interest of 49,690 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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