Guar gum futures jump 3.99 pc on strong demand
Mar 25, 2020, 14:16 IST
New Delhi, Mar 25 () Guar gum prices on Wednesday gained Rs 191 to Rs 4,972 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 April delivery traded higher 3.99 per cent, or Rs 191, to Rs 4,972 per five quintal with an open interest of 31,930 lots.
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Likewise, the contracts for delivery in May surged by Rs 193, or 3.99 per cent, to Rs 5,034 per five quintal as open interest stood at 17,985 lots.
Analysts said after tracking firm physical market trend, traders raised their bets which led to rise in guar gum prices. VHP SHWSHW(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)