Guar Gum Prices Rise on Futures Market
New Delhi, March 27 – Guar gum prices increased on Friday, rising by Rs 30 to Rs 10,354 per quintal in futures trading. The rise reflects increased spot demand and heightened speculative activity.Guar Gum Futures Trading
On the National Commodity and Derivatives Exchange, guar gum contracts for April delivery saw a rise of Rs 30, or 0.29 percent, to Rs 10,354 per quintal. The open interest for these contracts stood at 40,695 lots. The price closed at Rs 10,324 per quintal in the previous trading session.Analysts attributed the price increase to a firm trend observed in the physical guar gum market, leading to increased speculative positions among traders.
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