Guar Gum Futures Surge on Strong Demand - PTI
Guar gum futures prices rose on the National Commodity and Derivatives Exchange (NCDEX) due to firm spot demand and increased speculation. Learn more.
New Delhi, Dec 27 (PTI) Guar gum prices on Wednesday increased Rs 24 to Rs 10,970 per five quintals in futures trade as speculators increased their holdings amid a firm spot demand.
On the National Commodity and Derivatives Exchange, guar gum contracts for January delivery traded higher by Rs 24 or 0.22 per cent at Rs 10,970 per five quintals with an open interest of 43,145 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 January delivery traded higher by Rs 24 or 0.22 per cent at Rs 10,970 per five quintals with an open interest of 43,145 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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