Don’t miss the latest developments in business and finance.

Guargum futures up as speculators create positions

Image
Press Trust of India New Delhi
Last Updated : Dec 15 2015 | 12:42 PM IST
Guargum prices rebounded by Rs 160 to Rs 5,890 per quintal in futures trading today after participants built up positions, driven by a firm trend at the physical markets.
At the National Commodity and Derivatives Exchange, guargum for delivery in most-active January next year contracts was up by Rs 160, or 2.79 per cent, to Rs 5,890 per quintal, with an open interest of 31,970 lots.
Also, guargum for delivery this month improved by Rs 20, or 0.35 per cent, to Rs 5,750 per quintal, having an open interest of 942 lots.
Marketmen attributed rise in guargum prices at futures trade to building up of positions by participants, tracking a firm trend at the spot markets.

More From This Section

First Published: Dec 15 2015 | 12:42 PM IST

Next Story