Guar gum futures prices surged on Monday, driven by robust spot demand and increased speculation. Read more about the latest market trends in this PTI report.
New Delhi, May 13 (PTI) Guar gum prices on Monday increased Rs 103 to Rs 10,552 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 May delivery traded higher Rs 103 or 0.98 per cent at Rs 10,552 per five quintals with an open interest of 3,480 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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