India, June 1 -- Guar gum futures moved higher on Monday, supported by firm demand in the physical market and increased buying interest from traders.
On the National Commodity and Derivatives Exchange (NCDEX), the June delivery contract advanced by Rs 21, or 0.18 per cent, to Rs 11,565 per quintal. Open interest in the contract stood at 36,915 lots.
Market analysts attributed the rise in prices to strengthening demand in the spot market, which encouraged traders to build fresh positions and boosted sentiment in the futures segment.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....