Guar Gum Futures Rise on Strong Demand
Guar gum futures prices surged on the NCDEX due to firm spot demand and increased speculation. Read about the latest market trends and guar gum prices.
New Delhi, Jan 10 (PTI) Guar gum prices on Friday increased Rs 49 to Rs 10,540 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 49 or 0.46 per cent at Rs 10,540 per quintal with an open interest of 47,880 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 49 or 0.46 per cent at Rs 10,540 per quintal with an open interest of 47,880 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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