Guar Gum Futures Rise on Strong Demand
Guar gum futures prices rose on Thursday due to firm spot demand. Speculators increased their holdings, driving prices up to Rs 10,479 per quintal.
New Delhi, Mar 20 (PTI) Guar gum prices rose Rs 80 to Rs 10,479 per quintal in futures trade on Thursday as speculators increased their holdings amid a firm spot demand.
On the National Commodity and Derivatives Exchange, guar gum contracts for April delivery traded higher by Rs 80 or 0.76 per cent at Rs 10,479 per quintal with an open interest of 53,470 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 April delivery traded higher by Rs 80 or 0.76 per cent at Rs 10,479 per quintal with an open interest of 53,470 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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