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.
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