Guar Gum Futures Rise on Strong Demand - PTI
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Guar gum futures prices surged on the National Commodity and Derivatives Exchange, fueled by increased speculator holdings and robust spot demand.
New Delhi, Apr 11 (PTI) Guar gum prices on Friday rose Rs 98 to Rs 10,058 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 May delivery traded higher Rs 98 or 0.97 per cent at Rs 10,058 per quintal with an open interest of 49,285 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 May delivery traded higher Rs 98 or 0.97 per cent at Rs 10,058 per quintal with an open interest of 49,285 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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