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Guar gum futures spurt by Rs 103 per quintal

Press Trust of India  |  New Delhi 

gum prices flared up by Rs 103 to Rs 9,508 per in futures trade today on widening of positions by speculators in sync with firming physical markets backed by rising export demand.

Marketmen said raising of holdings by participants coupled with upbeat sentiment at the spot markets, mainly led to the rise in gum prices at futures trade.

At the National Commodity and Derivative Exchange, gum for delivery in January jumped by Rs 103 or 1.10 per cent to Rs 9,508 per quintal, depicting an open interest of 14,035 lots.

In a similar way, the delivery of the most-traded February month contract went up by Rs 103 or 1.08 per cent to Rs 9,643 per quintal,with an open interest of 68,425 lots.

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

First Published: Mon, January 08 2018. 12:50 IST