Guar Gum Futures Surge on Strong Demand - PTI
By Rediff Money Desk, New Delhi Dec 04, 2024 13:37
Guar gum futures prices climbed on Wednesday due to firm spot demand, with speculators increasing their holdings. Learn more about the guar gum market trends.
New Delhi, Dec 4 (PTI) Guar gum prices on Wednesday increased Rs 159 to Rs 10,009 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 December delivery traded higher by Rs 159 or 1.59 per cent at Rs 10,009 per quintal with an open interest of 23,590 lots.
Analysts said after tracking a firm physical market trend, traders raised their bets, which led to the rise in guar gum prices.
On the National Commodity and Derivatives Exchange, guar gum contracts for December delivery traded higher by Rs 159 or 1.59 per cent at Rs 10,009 per quintal with an open interest of 23,590 lots.
Analysts said after tracking a firm physical market trend, traders raised their bets, which led to the rise in guar gum prices.
Source: PTI
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