Guar gum futures prices rose on Thursday driven by strong spot demand, with speculators increasing their holdings on the National Commodity and Derivatives Exchange.
New Delhi, Nov 23 (PTI) Guar gum prices on Thursday increased by Rs 45 to Rs 11,325 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 December delivery traded higher by Rs 45 or 0.40 per cent at Rs 11,325 per five quintals with an open interest of 55,750 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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