Guar Gum Futures Surge on Strong Demand
Guar gum futures prices rose on the National Commodity and Derivatives Exchange due to increased speculator holdings and firm spot demand.
New Delhi, Apr 19 (PTI) Guar gum prices on Friday increased Rs 312 to Rs 10,831 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 April delivery traded higher Rs 312 or 2.88 per cent at Rs 10,831 per five quintals with an open interest of 430 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 312 or 2.88 per cent at Rs 10,831 per five quintals with an open interest of 430 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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