Guar gum futures gain on positive demand
May 13, 2020, 15:15 IST
New Delhi, May 13 () Guar gum prices on Wednesday gained Rs 57 to Rs 5,142 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 1.12 per cent, or Rs 57, to Rs 5,142 per five quintal with an open interest of 2,240 lots.
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Likewise, the contracts for delivery in June rose by Rs 63, or 0.96 per cent, to Rs 5,190 per five quintal as open interest stood at 38,490 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.)