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Guar gum futures advance on firm spot demand

Press Trust of India  |  New Delhi 

Guar gum prices advanced by Rs 67 to Rs 8,025 per five quintal in futures trade on Thursday as investors created fresh bets on firm spot demand.

On the National Commodity and Derivatives Exchange, guar gum contracts for November rose by Rs 67, or 0.84 per cent, to Rs 8,025 per five quintal with an open interest of 7,435 lots.

Besides, guar gum for December delivery advanced by Rs 68, or 0.84 per cent, to Rs 8,125 per five quintal with an open interest of 59,795 lots.

Restricted arrivals from growing regions aided the rise in guar gum future prices, traders said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, November 07 2019. 13:35 IST
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