Guar gum futures spurt on firm physical cues, strong export demand

Guar gum prices rose by Rs 99 to Rs 9,300 per quintal in futures trade today as investors created bets amid strong physical markets leads backed by robust export demand.

Marketmen said speculators raised bets on surging physical markets stance, powered by rising in export demand for oil drilling industries.

At the National Commodity and Derivatives Exchange counter, guar gum delivery for October hardened by Rs 99, or 1.08 percent, to Rs 9,300 per quintal, with a business turnover of 63,075 open interest lots.

Also, the delivery of the second contract November rose by Rs 86, or 0.93 percent, to Rs 9,369 per quintal with an open interest of 3,385 lots.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)