Guar gum futures prices rose on the National Commodity and Derivatives Exchange due to increased demand and speculation. Read more to learn about the market trends.
New Delhi, Oct 31 (PTI) Guar gum prices on Thursday increased by Rs 17 to Rs 10,753 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 December delivery traded higher by Rs 17 or 0.16 per cent at Rs 10,753 per quintal with an open interest of 29,720 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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