Guar gum futures prices surged on the National Commodity and Derivatives Exchange due to increased demand and speculation. Learn more about the market trends.
New Delhi, Dec 28 (PTI) Guar gum prices on Thursday increased Rs 60 to Rs 10,915 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 January delivery traded higher by Rs 60 or 0.55 per cent at Rs 10,915 per five quintals with an open interest of 39,785 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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