Guar gum futures gain on spot demand
On the National Commodity and Derivatives Exchange, guar gum contracts for September delivery traded higher 5.99 per cent, or Rs 576, to Rs 10,185 per five quintal with an open interest of 48,425 lots.
By PTI |
Agencies
NEW DELHI: Guar gum prices on Tuesday gained Rs 576 to Rs 10,185 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 September delivery traded higher 5.99 per cent, or Rs 576, to Rs 10,185 per five quintal with an open interest of 48,425 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 September delivery traded higher 5.99 per cent, or Rs 576, to Rs 10,185 per five quintal with an open interest of 48,425 lots.
Analysts said after tracking firm physical market trend, traders raised their bets which led to rise in guar gum prices.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
