Guar Gum Futures Rise on Strong Demand - PTI
Guar gum futures prices rose on Thursday due to firm spot demand and increased speculative holdings. The April contract traded higher on the National Commodity and Derivatives Exchange.
New Delhi, Mar 13 (PTI) Guar gum prices on Thursday rose Rs 29 to Rs 10,171 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 April delivery traded higher Rs 29 or 0.29 per cent at Rs 10,171 per quintal with an open interest of 49,545 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 April delivery traded higher Rs 29 or 0.29 per cent at Rs 10,171 per quintal with an open interest of 49,545 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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