Guar Gum Futures Surge on Strong Demand
Guar gum futures prices rose on Wednesday due to increased speculator holdings and strong spot demand. Learn more about the market trends affecting guar gum prices.
New Delhi, Mar 5 (PTI) Guar gum prices on Wednesday rose Rs 121 to Rs 9,988 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 April delivery traded higher Rs 121 or 1.21 per cent at Rs 9,988 per quintal with an open interest of 37,660 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 April delivery traded higher Rs 121 or 1.21 per cent at Rs 9,988 per quintal with an open interest of 37,660 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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