Guar gum futures prices on the National Commodity and Derivatives Exchange (NCDEX) rose on Wednesday due to firm spot demand and increased speculation.
New Delhi, Dec 11 (PTI) Guar gum prices on Wednesday increased Rs 29 to Rs 9,980 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 December delivery traded higher by Rs 29 or 0.29 per cent at Rs 9,980 per quintal with an open interest of 11,545 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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