Guar Gum Futures Rise on Strong Demand - PTI
Guar gum futures prices surged on the National Commodity and Derivatives Exchange (NCDEX) due to firm spot demand and increased speculation. Learn more.
New Delhi, Jan 9 (PTI) Guar gum prices on Tuesday increased Rs 68 to Rs 10,302 per 5 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 68 or 0.66 per cent at Rs 10,302 per 5 quintals with an open interest of 18,335 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 January delivery traded higher by Rs 68 or 0.66 per cent at Rs 10,302 per 5 quintals with an open interest of 18,335 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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