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Guar gum futures bounce further on strong export demand

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Press Trust of India New Delhi
Continuing its upward march for the second consecutive session by adding another gain of Rs 208 per quintal at Rs 9,750 per quintal in futures trade today as investors raised bets, driven by rising prices in the spot markets along with robust export demand.
Marketmen said traders were interested in increasing holdings on the back of encouraging physical market and hefty rise in export demand for oil drilling industries, which held the prices of guar gum futures in green for the second straight day.
At the National Commodity and Derivatives Exchange counter, guar gum delivery for November contract jumped by Rs 208, or 2.18 per cent, to Rs 9,750 per quintal clocking an open interest of 2,315 lots.
Similarly, the delivery of the October contract climbed by Rs 198, or 2.18 per cent, to Rs 9,660 per quintal with an open interest of 62,260 lots.

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First Published: Jul 31 2018 | 12:00 PM IST

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