Guar gum futures gain on positive demand
May 7, 2020, 14:16 IST
New Delhi, May 7 () Guar gum prices on Thursday gained Rs 9 to Rs 5,127 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 May delivery traded higher 0.18 per cent, or Rs 9, to Rs 5,127 per five quintal with an open interest of 9,440 lots.
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Likewise, the contracts for delivery in June rose by Rs 4, or 0.08 per cent, to Rs 5,162 per five quintal as open interest stood at 33,470 lots.
Analysts said after tracking firm physical market trend, traders raised their bets which led to rise in guar gum prices. SRS SHWSHW(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)