Guar Gum Futures Rise on Strong Demand
Guar gum futures prices increased on Wednesday due to strong demand in the spot market. Speculators increased their holdings, leading to a rise in prices on the National Commodity and Derivatives Exchange.
New Delhi, Aug 28 (PTI) Guar gum prices on Wednesday increased Rs 178 to Rs 10,271 per quintal in futures trade as speculators increased their holdings amid a firm spot demand.
On the National Commodity and Derivatives Exchange, guar gum contracts for September delivery traded higher Rs 178 or 1.73 per cent at Rs 10,271 per quintal with an open interest of 32,095 lots.
Analysts said after tracking a firm physical market trend, traders raised their bets, which led to the rise in guar gum prices.
On the National Commodity and Derivatives Exchange, guar gum contracts for September delivery traded higher Rs 178 or 1.73 per cent at Rs 10,271 per quintal with an open interest of 32,095 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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