Guar gum futures prices rose on the National Commodity and Derivatives Exchange due to firm spot demand and increased speculation.
New Delhi, Feb 27 (PTI) Guar gum prices on Tuesday increased Rs 78 to Rs 10,280 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 March delivery traded higher Rs 78 or 0.76 per cent at Rs 10,280 per five quintals with an open interest of 36,240 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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