Latest News | Guar Gum Futures Rise on Spot Demand

New Delhi, Aug 30 (PTI) Guar gum prices on Wednesday rose Rs 176 to Rs 12,884 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 September delivery traded higher by Rs 176 or 1.38 per cent at Rs 12,884 per five quintals with an open interest of 32,540 lots.

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Analysts said after tracking a firm physical market trend, traders raised their bets, which led to the rise in guar gum prices.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)