Guar gum futures prices rose on Tuesday due to increased demand and speculation. Read more about the factors driving the market.
New Delhi, Feb 13 (PTI) Guar gum prices on Tuesday increased Rs 65 to Rs 9,851 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 February delivery traded higher Rs 65 or 0.66 per cent at Rs 9,851 per five quintals with an open interest of 7,800 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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