Guar Gum Futures Surge on Strong Demand - PTI
Guar gum futures prices rose on the National Commodity and Derivatives Exchange due to strong demand in the physical market. Speculators increased their holdings, driving prices higher.
New Delhi, Jan 22 (PTI) Guar gum prices on Wednesday increased Rs 37 to Rs 10,619 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 February delivery traded higher by Rs 37 or 0.35 per cent at Rs 10,619 per quintal with an open interest of 53,365 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 February delivery traded higher by Rs 37 or 0.35 per cent at Rs 10,619 per quintal with an open interest of 53,365 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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