mandi bhav of india

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Guar gum futures gain on demand

New Delhi,  Guar gum prices on Wednesday gained Rs 767 to Rs 12,791.00per five quintal in futures trade as speculators increased their holdings on spot demand.

On the National Commodity and Derivatives Exchange, guar gum contracts for Novmber delivery traded higher 1.55 per cent, or Rs 767 to Rs 12,791.00 per five quintal with an open interest of 36,530 lots.

Analysts said after tracking firm physical market trend, traders raised their bets which led to rise in guar gum prices.