Guar Gum Futures Rise on Strong Demand - PTI
Guar gum futures prices surged on Monday, driven by firm spot demand and increased speculation. Contracts for February delivery gained Rs 10, reaching Rs 10,547 per quintal.
New Delhi, Jan 13 (PTI) Guar gum prices on Monday increased Rs 10 to Rs 10,547 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 February delivery traded higher by Rs 10 or 0.09 per cent at Rs 10,547 per quintal with an open interest of 50,545 lots.
Analysts said after tracking a firm physical market trend, traders raised their bets, which led to the rise in guar gum prices.
On the National Commodity and Derivatives Exchange, guar gum contracts for February delivery traded higher by Rs 10 or 0.09 per cent at Rs 10,547 per quintal with an open interest of 50,545 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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