India, June 12 -- Guar gum prices moved higher in futures trading on Friday as traders increased their positions amid firm demand in the physical market.
On the National Commodity and Derivatives Exchange (NCDEX), guar gum contracts for June delivery advanced Rs 145, or 1.31%, to Rs 11,203 per quintal, with an open interest of 14,015 lots.
The contract had settled at Rs 11,058 per quintal in the previous session. Market participants attributed the rise to strong spot demand and fresh buying activity by speculators, which supported prices during the trading session.
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