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Guar gum futures up on firm demand

Feb 4, 2020, 13:31 IST

PTI

New Delhi, Feb 4 () Guar gum prices on Tuesday gained Rs 25 to Rs 6,877 per five quintal in futures trade as investors increased their holdings on spot demand.

Analysts said after tracking firm physical market trend, traders raised their bets which led to rise in guar gum prices.

On the National Commodity and Derivatives Exchange, guar gum delivery for February contracts gained 0.36 per cent, or Rs 25, to Rs 6,877 per five quintal with an open interest of 17,825 lots.

Likewise, the delivery of March contract surged by Rs 21, or 0.3 per cent, to Rs 6,960 per five quintal as open interest stood at 47,450 lots.

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