Guar gum futures prices climbed on Wednesday, driven by increased speculator activity and firm demand in the spot market. Learn more about the rise in guar gum prices.
New Delhi, May 22 (PTI) Guar gum prices on Wednesday increased Rs 27 to Rs 10,932 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 June delivery traded higher Rs 27 or 0.25 per cent at Rs 10,932 per five quintals with an open interest of 45,340 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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