Guar Gum Futures Surge on Strong Demand
Guar gum futures prices rose on the National Commodity and Derivatives Exchange due to strong demand and increased speculation. Read more.
New Delhi, Feb 6 (PTI) Guar gum prices on Thursday increased Rs 25 to Rs 10,290 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 March delivery traded higher by Rs 25 or 0.24 per cent at Rs 10,290 per quintal with an open interest of 37,830 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 March delivery traded higher by Rs 25 or 0.24 per cent at Rs 10,290 per quintal with an open interest of 37,830 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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