Guar gum futures rose on Monday due to increased demand and speculation. The price climbed to Rs 10,742 per quintal on the National Commodity and Derivatives Exchange.
New Delhi, Oct 28 (PTI) Guar gum prices on Monday rose Rs 8 to Rs 10,742 per quintal in the futures market as speculators increased their holdings amid a firm spot demand.
On the National Commodity and Derivatives Exchange, guar gum for December delivery advanced Rs 8 or 0.07 per cent to Rs 10,742 per quintal in 16,430 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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