New Delhi, Jan 29 (PTI) Guar gum prices firmed up by Rs 108 to Rs 10,226 per quintal in futures trade today as operators accumulated huge positions,triggered by a firm trend at the physical markets on export demand. Also Read - Live Streaming Cricket West Indies vs Sri Lanka 2nd T20I: Preview, Squads, Match Prediction - Where to Watch WI vs SL Stream Live Cricket Online on FanCode App, TV Telecast in India
At the National Commodity and Derivative Exchange, guar gum to be delivered in far-month March rose sharply by Rs 108 or 1.07 per cent to Rs 10,226 per quintal, with business turnover of 29,455 lots. Also Read - IPL 2021 in Mumbai? BCCI to Get Full Support From Government to Host T20 Tournament at Venue
Also, the most-traded delivery in February also advanced Rs 97 or 0.97 per cent to Rs 10,089 per quintal and the business was revealing in 48,040 open interest. Also Read - Muthoot Finance Chairman MG George Passes Away at 71
Marketmen attributed the spurt in guar gum prices at futures market to raising of bets by participants, driven by a firm trend at the spot markets on strong export demand.
This is published unedited from the PTI feed.