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Guar gum futures jump 3.99 pc on strong demand

Business Finance

Press Trust of India  |  New Delhi 

Guar gum prices on Wednesday gained Rs 191 to Rs 4,972 per five quintal in futures trade as speculators increased their holdings on spot demand.

On the National Commodity and Derivatives Exchange, guar gum contracts for April delivery traded higher 3.99 per cent, or Rs 191, to Rs 4,972 per five quintal with an open interest of 31,930 lots.

Likewise, the contracts for delivery in May surged by Rs 193, or 3.99 per cent, to Rs 5,034 per five quintal as open interest stood at 17,985 lots.

Analysts said after tracking firm physical market trend, traders raised their bets which led to rise in guar gum prices.

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

First Published: Wed, March 25 2020. 14:10 IST