Guar Gum Futures Surge on Strong Demand
Guar gum futures prices rose on the National Commodity and Derivatives Exchange due to increased speculation and firm spot demand.
New Delhi, Jan 15 (PTI) Guar gum prices on Wednesday increased Rs 39 to Rs 10,523 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 February delivery traded higher by Rs 39 or 0.37 per cent at Rs 10,523 per quintal with an open interest of 55,500 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 February delivery traded higher by Rs 39 or 0.37 per cent at Rs 10,523 per quintal with an open interest of 55,500 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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