Guar gum futures gain on spot demand
On the National Commodity and Derivatives Exchange, guar gum contracts for July delivery traded higher 0.8 per cent, or Rs 51, to Rs 6,410 per five quintal with an open interest of 24,790 lots.
By PTI |
Agencies
NEW DELHI: Guar gum prices on Friday gained Rs 51 to Rs 6,410 per five quintal in futures trade as speculators increased their holdings on spot demand.
On the National Commodity and Derivatives Exchange, guar gum contracts for July delivery traded higher 0.8 per cent, or Rs 51, to Rs 6,410 per five quintal with an open interest of 24,790 lots.
Analysts said after tracking firm physical market trend, traders raised their bets which led to rise in guar gum prices.
On the National Commodity and Derivatives Exchange, guar gum contracts for July delivery traded higher 0.8 per cent, or Rs 51, to Rs 6,410 per five quintal with an open interest of 24,790 lots.
Analysts said after tracking firm physical market trend, traders raised their bets which led to rise in guar gum prices.
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