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.
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.