Guar Gum Futures Surge on Strong Demand - PTI
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Guar gum futures prices rose on the National Commodity and Derivatives Exchange due to firm spot demand and increased speculation. Learn more about the market trends.
New Delhi, May 20 (PTI) Guar gum prices on Tuesday rose Rs 74 to Rs 9,828 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 June delivery traded higher by Rs 74 or 0.75 per cent at Rs 9,828 per quintal with an open interest of 50,935 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 June delivery traded higher by Rs 74 or 0.75 per cent at Rs 9,828 per quintal with an open interest of 50,935 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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