India, Nov. 27 -- Guar gum futures rose by Rs 38 to Rs 8,367 per quintal on Thursday as speculators increased their positions amid strong demand in the spot market.
On the National Commodity and Derivatives Exchange (NCDEX), the December guar gum contract traded higher by 0.45% at Rs 8,367 per quintal, with an open interest of 38,675 lots.
Analysts attributed the uptick to firm trends in the physical market, prompting traders to raise their bets and push prices higher.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....