Guar gum futures prices rose on the National Commodity and Derivatives Exchange (NCDEX) due to increased speculation and firm demand in the spot market.
New Delhi, Sep 2 (PTI) Guar gum prices on Monday increased Rs 31 to Rs 10,663 per quintal in futures trade as speculators increased their holdings amid a firm spot demand.
On the National Commodity and Derivatives Exchange, guar gum contracts for October delivery traded higher by Rs 31 or 0.29 per cent at Rs 10,663 per quintal with an open interest of 31,970 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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