Guar gum futures prices surged on the National Commodity and Derivatives Exchange (NCDEX) due to firm spot demand and increased speculation. Learn more about the market trends.
New Delhi, Dec 14 (PTI) Guar gum prices on Thursday increased Rs 124 to Rs 10,724 per five quintals in futures trade as speculators increased their holdings amid a firm spot demand.
On the National Commodity and Derivatives Exchange, guar gum contracts for December delivery traded higher by Rs 124 or 1.16 per cent at Rs 10,724 per five quintals with an open interest of 1,800 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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