Guar Gum Futures Rise on Strong Demand
Guar gum futures prices rose on the National Commodity and Derivatives Exchange due to strong demand and increased speculation. Learn more about the market trends.
New Delhi, Feb 28 (PTI) Guar gum prices on Friday rose by Rs 6 to Rs 9,998 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 March delivery traded higher by Rs 6 or 0.06 per cent at Rs 9,998 per quintal with an open interest of 33,955 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 March delivery traded higher by Rs 6 or 0.06 per cent at Rs 9,998 per quintal with an open interest of 33,955 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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