Guar gum futures rise on spot demand
Jan 21, 2020, 13:40 IST
New Delhi, Jan 21 () Guar gum prices on Tuesday rose by Rs 18 to Rs 7,328 per five quintal in futures trade as investors increased their holdings on spot demand.
Analysts said raising of bets by traders following a firm trend in physical market mainly led to rise in guar gum prices.
Advertisement
On the National Commodity and Derivatives Exchange, guar gum contracts for February delivery gained by Rs 18, or 0.25 per cent, to Rs 7,328 per five quintal with an open interest of 54,985 lots.
Similarly, guar gum for March delivery rose by Rs 12, or 0.23 per cent, to Rs 7,469 per five quintal with an open interest of 59,130 lots. VHP SHW SHW(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)