Guar gum futures spurt by Rs 115 per quintal

Image
Press Trust of India New Delhi
Last Updated : Oct 05 2017 | 12:42 PM IST
Guar gum prices shot up by Rs 115 to Rs 7,952 per quintal in futures trade today as speculators indulged in widening positions, driven by a firming trend at the domestic spot and overseas markets.
Marketmen said tight supplies of guar seeds from growing regions amid brisk buying by guar gum makers on rising demand and upbeat global cues mainly supported the upside in guar gu m prices in futures trade.
At the National Commodity and Derivative Exchange, the October delivery was up by Rs 115 or 1.47 per cent to Rs 7,952 per quintal, with an open interest of 8,235 lots.
Also, the most-traded November delivery surged by Rs 113 or 1.42 per cent to Rs 8,087 per quintal, with the business turnover of 44,185 open lots.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 05 2017 | 12:42 PM IST

Next Story