Guar Gum Futures Surge on Strong Demand - PTI
Guar gum futures prices rose on Tuesday due to firm spot demand and increased speculation. Contracts for April delivery traded higher on the National Commodity and Derivatives Exchange.
New Delhi, Mar 11 (PTI) Guar gum prices on Tuesday rose Rs 91 to Rs 10,077 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 April delivery traded higher Rs 91 or 0.90 per cent at Rs 10,077 per quintal with an open interest of 45,910 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 April delivery traded higher Rs 91 or 0.90 per cent at Rs 10,077 per quintal with an open interest of 45,910 lots.
Analysts said after tracking a firm physical market trend, traders raised their bets, which led to the rise in guar gum prices.