Guar Gum Futures Rise on Strong Demand
By Rediff Money Desk, New Delhi Jan 09, 2025 13:40
Guar gum futures prices increased on the National Commodity and Derivatives Exchange due to firm spot demand and increased speculation. Read more.
New Delhi, Jan 9 (PTI) Guar gum prices on Thursday increased Rs 15 to Rs 10,461 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 February delivery traded higher by Rs 15 or 0.14 per cent at Rs 10,461 per quintal with an open interest of 45,110 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 February delivery traded higher by Rs 15 or 0.14 per cent at Rs 10,461 per quintal with an open interest of 45,110 lots.
Analysts said after tracking a firm physical market trend, traders raised their bets, which led to the rise in guar gum prices.
Source: PTI
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