Guar gum futures prices climbed on Wednesday due to increased speculation and robust physical market demand. Read more about the price surge and market trends.
New Delhi, Jul 10 (PTI) Guar gum prices on Wednesday increased Rs 48 to Rs 10,493 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 July delivery traded higher Rs 48 or 0.46 per cent at Rs 10,493 per five quintals with an open interest of 12,170 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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