India, June 19 -- Guar gum futures traded higher on Friday as market participants increased their positions, supported by firm demand in the physical market.
On the National Commodity and Derivatives Exchange (NCDEX), guar gum contracts for July delivery rose by Rs 41, or 0.35%, to Rs 11,638 per quintal. The contract recorded an open interest of 67,740 lots.
According to market analysts, positive sentiment in the spot market encouraged traders to increase their holdings, leading to an uptick in guar gum futures prices.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....