Guar Gum Futures Rise on Strong Demand - PTI
Guar gum futures prices rose on Tuesday due to firm spot demand. Speculators increased holdings, pushing prices up by Rs 3 to Rs 10,452 per quintal.
New Delhi, Jan 28 (PTI) Guar gum prices on Tuesday increased Rs 3 to Rs 10,452 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 3 or 0.03 per cent at Rs 10,452 per quintal with an open interest of 44,340 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 3 or 0.03 per cent at Rs 10,452 per quintal with an open interest of 44,340 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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