Guar gum futures up on spot demand

New Delhi, Feb 27 () Guar gum prices on Thursday gained Rs 52 to Rs 6,090 per five quintal in futures trade as speculators increased their holdings on spot demand.

On the National Commodity and Derivatives Exchange, guar gum contracts for March delivery traded higher 0.86 per cent, or Rs 52, to Rs 6,090 per five quintal with an open interest of 31,075 lots.

Likewise, the contracts for delivery in April surged by Rs 62, or 1.02 per cent, to Rs 6,167 per five quintal as open interest stood at 29,900 lots.

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

(This story has not been edited by Business Insider and is auto-generated from a syndicated feed we subscribe to.)

Add Comment()
Comments ()
Sort By:
Be the first one to comment.
We have sent you a verification email. This comment will be published once verification is done.