Guar gum futures prices rose on Tuesday due to strong demand and increased speculation, with June contracts trading higher on the National Commodity and Derivatives Exchange.
New Delhi, Jun 11 (PTI) Guar gum prices on Tuesday increased Rs 111 to Rs 10,389 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 111 or 1.07 per cent at Rs 10,389 per five quintals with an open interest of 9,190 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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