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Guar gum goes up by Rs 5 in futures trade

Press Trust of India  |  New Delhi 

gum prices rose by Rs 5 to Rs 8,940 per five in futures trade Friday as participants accumulated positions at current levels, spurred by rising export demand amid a firm trend at the physical markets.

At the National Commodity and Derivatives Exchange, gum for delivery in May rose by Rs 5, or 0.06 per cent, to Rs 8,940 per five with an open interest of 40,385 lots.

Marketmen said positions created by traders, tracking a firming trend at the spot markets on export demand, led to the rise in the gum prices in futures trade here.

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

First Published: Fri, March 29 2019. 14:45 IST