India, July 29 -- Guar gum futures rose by Rs 32 to Rs 9,643 per quintal on Tuesday, driven by increased speculative buying amid steady demand in the spot market.
On the National Commodity and Derivatives Exchange (NCDEX), August delivery contracts were up Rs 32 or 0.33% at Rs 9,643 per quintal, with an open interest of 34,410 lots.
According to analysts, the upward movement in prices was supported by a firm trend in the physical market, prompting traders to ramp up their positions.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....