India, Nov. 5 -- Guar gum prices rose Rs. 146, or 0.89%, to Rs. 16,500 per quintal in futures trade on Thursday, supported by firm spot demand and increased speculative positions.
On the National Commodity and Derivatives Exchange (NCDEX), guar gum contracts for November delivery traded at Rs. 16,500 per quintal, with an open interest of 59,220 lots.
Market analysts said traders increased their positions in line with a firm trend in the physical market, supporting guar gum futures.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....