Guar gum futures prices climbed on Tuesday due to robust spot demand and increased speculation. Learn more about the guar gum market.
New Delhi, Oct 8 (PTI) Guar gum prices on Tuesday increased Rs 98 to Rs 11,077 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 November delivery traded higher Rs 98 or 0.88 per cent at Rs 11,077 per quintal with an open interest of 43,285 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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