Guar Gum Futures Rise on Strong Demand - PTI
Guar gum futures prices surged on the National Commodity and Derivatives Exchange (NCDEX) on Monday, driven by firm spot demand and increased speculative activity.
New Delhi, Feb 17 (PTI) Guar gum prices on Monday increased Rs 94 to Rs 10,106 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 94 or 0.93 per cent at Rs 10,106 per quintal with an open interest of 55,145 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 94 or 0.93 per cent at Rs 10,106 per quintal with an open interest of 55,145 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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