Guar gum futures prices rose on the National Commodity and Derivatives Exchange (NCDEX) due to increased demand and speculation. Read more.
New Delhi, Jan 15 (PTI) Guar gum prices on Monday increased Rs 34 to Rs 10,646 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 34 or 0.32 per cent at Rs 10,646 per five quintals with an open interest of 3,150 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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