Guar Gum Futures Rise on Strong Demand - PTI
Guar gum futures prices rose on the National Commodity and Derivatives Exchange (NCDEX) on Monday, driven by firm spot demand and increased speculation. March contracts traded higher by Rs 24 to Rs 10,131 per quintal.
New Delhi, Feb 10 (PTI) Guar gum prices on Monday increased Rs 24 to Rs 10,131 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 March delivery traded higher by Rs 24 or 0.24 per cent at Rs 10,131 per quintal with an open interest of 43,255 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 March delivery traded higher by Rs 24 or 0.24 per cent at Rs 10,131 per quintal with an open interest of 43,255 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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