India, Nov. 3 -- Guar gum prices increased by Rs. 308 to Rs. 16,183 per quintal in futures trade on Tuesday, supported by firm spot demand and increased buying by speculators.
On the National Commodity and Derivatives Exchange (NCDEX), guar gum contracts for November delivery rose by Rs. 308, or 1.94%, to Rs. 16,183 per quintal, with an open interest of 51,795 lots.
Market analysts said a firm trend in the physical market prompted traders to increase their positions, lending support to guar gum futures prices.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....