Guar Gum Prices Surge on Futures Market
New Delhi, March 25 – Guar gum prices rose by ₹79 per quintal on Wednesday in futures trading, reaching ₹10,123 per quintal. The increase was driven by increased speculative activity and robust spot demand.The National Commodity and Derivatives Exchange (NCDEX) saw guar gum contracts for April delivery trade higher by ₹79, representing a 0.78% increase, closing at ₹10,123 per quintal. Open interest for the April contract stood at 49,015 lots.
Analysts attributed the price rise to a firm trend observed in the physical market, prompting traders to bolster their holdings.
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