Guar gum futures prices surged on the National Commodity and Derivatives Exchange due to increased speculation and firm spot demand. Learn more about the market trends.
New Delhi, Feb 19 (PTI) Guar gum prices on Monday increased Rs 76 to Rs 10,287 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 February delivery traded higher Rs 76 or 0.74 per cent at Rs 10,287 per five quintals with an open interest of 460 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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