Guar gum futures prices rose on Thursday due to increased speculation and strong demand in the spot market. Traders raised bets based on a firm physical market trend.
New Delhi, Dec 12 (PTI) Guar gum prices on Thursday increased Rs 83 to Rs 9,977 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 83 or 0.83 per cent at Rs 9,977 per quintal with an open interest of 9,335 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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