India, Oct. 12 -- Guar gum futures prices rose by Rs 529, or 3.53%, to Rs 15,506 per quintal on Monday, October 12, on the National Commodity and Derivatives Exchange (NCDEX), supported by firm spot demand and increased speculative positions.
The November delivery contract traded higher at Rs 15,506 per quintal, with an open interest of 75,240 lots.
According to market analysts, the upward movement was driven by a firm trend in the physical market, prompting traders to increase their positions and pushing futures prices higher.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....