India, June 3 -- Guar gum futures moved higher on Wednesday as traders increased their positions, supported by firm demand in the physical market.
On the National Commodity and Derivatives Exchange (NCDEX), guar gum contracts for June delivery rose by Rs 29, or 0.25%, to Rs 11,453 per quintal. The contract recorded an open interest of 33,065 lots.
Market analysts said the positive trend in the spot market encouraged traders to build fresh positions, leading to an increase in guar gum futures prices.
The gains reflect continued demand for guar gum and improved market sentiment in the commodity segment.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....