Guar gum futures prices rose on the National Commodity and Derivatives Exchange due to firm spot demand and increased speculative buying. Learn more about the guar gum market.
New Delhi, Jan 18 (PTI) Guar gum prices on Thursday increased Rs 107 to Rs 10,680 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 Februray delivery traded higher by Rs 107 or 1 per cent at Rs 10,680 per five quintals with an open interest of 51,950 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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