Guar Gum Futures Surge on Strong Demand - PTI
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Guar gum futures rose on Tuesday, driven by firm demand in the spot market. Traders increased their holdings, leading to a price increase on the National Commodity and Derivatives Exchange.
New Delhi, Apr 8 (PTI) Guar gum prices on Tuesday rose Rs 64 to Rs 10,101 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 May delivery traded higher Rs 64 or 0.63 per cent at Rs 10,101 per quintal with an open interest of 39,835 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 May delivery traded higher Rs 64 or 0.63 per cent at Rs 10,101 per quintal with an open interest of 39,835 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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