India, Dec. 31 -- Guar gum prices advanced in futures trade on Wednesday, supported by firm demand in the spot market and higher speculative activity. Prices rose by Rs 163 to Rs 11,765 per quintal as traders increased their positions.
On the National Commodity and Derivatives Exchange (NCDEX), guar gum contracts for January delivery gained Rs 163, or 1.40 per cent, to trade at Rs 11,765 per quintal, with open interest at 27,270 lots.
Analysts attributed the rise to a firm trend in the physical market, which encouraged traders to raise their bets, supporting guar gum prices.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....