Business Standard

Guar gum futures climb on firm demand


Press Trust of India New Delhi
Guar gum prices on Wednesday advanced by Rs 32 to Rs 7,505 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 32, or 0.43 per cent, to Rs 7,505 per five quintal with an open interest of 38,445 lots.
Besides, guar gum for January delivery advanced by Rs 28, or 0.37 per cent, to Rs 7,612 per five quintal with an open interest of 30,810 lots.
Restricted arrivals from growing regions aided the rise, analysts said.

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

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 27 2019 | 1:40 PM IST

Explore News