Guar gum futures prices rose on Wednesday due to strong spot demand and increased speculation. Learn more about the impact on the guar gum market.
New Delhi, Feb 28 (PTI) Guar gum prices on Wednesday increased Rs 45 to Rs 10,331 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 45 or 0.44 per cent at Rs 10,331 per five quintals with an open interest of 32,000 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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