India, Aug. 18 -- Guar gum futures prices advanced Rs 194 to Rs 11,780 per quintal on Tuesday, supported by strong demand in the spot market and increased holdings by speculators.
On the National Commodity and Derivatives Exchange, guar gum contracts for August delivery climbed Rs 194, or 1.67 per cent, to Rs 11,780 per quintal, with an open interest of 2,415 lots.
Analysts said a firm trend in the physical market encouraged traders to raise their positions, supporting the rise in guar gum futures prices.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....