Guar Gum Futures Rise on Strong Demand
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Guar gum futures prices rose on Wednesday due to firm spot demand, with speculators increasing their holdings. The NCDEX saw guar gum contracts for June delivery trade higher.
New Delhi, May 14 (PTI) Guar gum prices on Wednesday marginally rose to Rs 9,761 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 June delivery traded marginally higher by Re 1 or 0.01 per cent at Rs 9,761 per quintal with an open interest of 49,480 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 June delivery traded marginally higher by Re 1 or 0.01 per cent at Rs 9,761 per quintal with an open interest of 49,480 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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