Guar gum futures prices surged on the National Commodity and Derivatives Exchange, driven by firm spot demand and increased speculation. Learn more about the market trends.
New Delhi, Oct 11 (PTI) Guar gum prices on Friday increased Rs 90 to Rs 11,381 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 by Rs 90 or 0.79 per cent at Rs 11,381 per quintal with an open interest of 51,205 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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