Guar Gum Futures Rise on Strong Demand - PTI
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Guar gum futures prices rose on Tuesday due to firm spot demand and increased speculation. The June contract on the National Commodity and Derivatives Exchange traded higher at Rs 9,738 per quintal.
New Delhi, May 13 (PTI) Guar gum prices on Tuesday rose Rs 11 to Rs 9,738 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 June delivery traded higher Rs 11 or 0.11 per cent at Rs 9,738 per quintal with an open interest of 48,635 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 June delivery traded higher Rs 11 or 0.11 per cent at Rs 9,738 per quintal with an open interest of 48,635 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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