Guar gum futures gain on spot demand

Guar gum prices rose by Rs 79 to Rs 7,377 per five quintal in futures trade on Monday amid strong export demand at the spot market.

On the National Commodity and Derivatives Exchange, guar gum contracts for October delivery traded higher by Rs 79, or 1.08 per cent, at Rs 7,377 per five quintal with an open interest of 11,075 lots.

Guar gum for November delivery also rose by Rs 80, or 1.08 per cent, to Rs 7,497 per five quintal, mirroring an open interest of 53,405 lots