Guar gum futures prices rose on the National Commodity and Derivatives Exchange due to increased speculation and firm spot demand. Learn more about the latest market trends.
New Delhi, May 28 (PTI) Guar gum prices on Tuesday increased Rs 45 to Rs 10,678 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 May delivery traded higher Rs 45 or 0.42 per cent at Rs 10,678 per five quintals with an open interest of 36,760 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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