Guar Gum Futures Rise on Strong Demand
Guar gum futures prices surged on the National Commodity and Derivatives Exchange (NCDEX) on Thursday due to firm spot demand and increased speculation.
New Delhi, Mar 27 (PTI) Guar gum prices on Thursday rose Rs 23 to Rs 10,291 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 April delivery traded higher by Rs 23 or 0.22 per cent to Rs 10,291 per quintal with an open interest of 35,985 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 23 or 0.22 per cent to Rs 10,291 per quintal with an open interest of 35,985 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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