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Guar gum futures climb 1.88 pc on export demand

Press Trust of India  |  New Delhi 

gum prices firmed up by Rs 166 to Rs 9,016 per in futures trade today on sturdy buying by investors amidst upbeat physical sentiments bolstered by a in export demand.

According to market players, expanding holdings by the speculators in line with rising trend in the spot markets enthused by a bounce in export demand for oil drilling industries, mainly denoted upsurge in gum futures prices.

At the National Commodity and Derivative Exchange platform, gum delivery for the immediate March contract jumped up by Rs 166, or 1.88 per cent, to Rs 9,016 per quintal, clocking an open interest of 1,030 lots.

Likewise, the delivery of April contract registered a rise of Rs 129, or 1.43 per cent, at Rs 9,147 per quintal, depicting an open interest of 64,750 lots.

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

First Published: Tue, March 13 2018. 12:50 IST