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Guar gum futures strengthen on spot demand

Press Trust of India  |  New Delhi 

Guar gum prices rose by Rs 12 to Rs 7,345 per five quintal in futures trade on Tuesday as investors increased their holdings amid positive demand.

Marketmen said, tracking firm physical market trend traders opted to raise their bets which led to rise in guar gum prices.

At the National Commodity and Derivatives Exchange, guar gum delivery for the November jumped up by Rs 12, or 0.16 per cent, to Rs 7,345 per five quintal with an open interest of 52,550 lots.

Guar gum contracts for December delivery gained by Rs 14, or 0.19 per cent, to Rs 7,455 per five quintal with an open interest of 11,075 lots.

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

First Published: Tue, October 22 2019. 14:31 IST