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Guar gum futures spurt on firm physical cues, strong export demand

Press Trust of India  |  New Delhi 

Guar gum prices rose by Rs 99 to Rs 9,300 per quintal in futures trade today as investors created bets amid strong physical markets leads backed by robust export demand.

Marketmen said, speculators raised bets on surging physical markets stance, powered by rise in export demand for oil drilling industries.

At the National Commodity and Derivatives Exchange counter, guar gum delivery for October hardened by Rs 99, or 1.08 per cent, to Rs 9,300 per quintal, with a business turnover of 63,075 open interest lots.

Also, the delivery of the second contract November rose by Rs 86, or 0.93 per cent, to Rs 9,369 per quintal with an open interest of 3,385 lots.

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

First Published: Mon, August 27 2018. 12:00 IST