Guar gum prices experienced an increase of Rs 302, reaching Rs 16,063 per quintal in futures trade on Thursday. This rise can be attributed to speculators augmenting their holdings in response to robust spot demand.
On the National Commodity and Derivatives Exchange, guar gum contracts for November delivery experienced an increase of Rs 302, or 1.92 percent, reaching Rs 16,063 per quintal, accompanied by an open interest of 77,310 lots.
In response to a discernible trend in the physical market, traders increased their positions, resulting in an uptick in guar gum prices, analysts noted.
