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Guar gum futures advance on fresh bets

Press Trust of India  |  New Delhi 

Guar gum prices on Tuesday advanced Rs 21 to Rs 7,338 per five quintal in futures trade as investors created fresh bets on firm spot demand.

On the National Commodity and Derivatives Exchange, guar gum contracts for December rose by Rs 21, or 0.29 per cent, to Rs 7,338 per five quintal with an open interest of 19,745 lots.

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

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

First Published: Tue, December 03 2019. 13:25 IST