Guar gum futures prices increased on Wednesday due to firm spot demand and increased speculation. Read more about the market trends.
New Delhi, Jan 31 (PTI) Guar gum prices on Wednesday increased Rs 71 to Rs 9,985 per five quintals 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 71 or 0.71 per cent at Rs 9,985 per five quintals with an open interest of 32,325 lots.
Analysts said after tracking a firm physical market trend, traders raised their bets, which led to the rise in guar gum prices.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback