Guar gum futures gain on spot demand

New Delhi,  Guar gum prices on Thursday gained Rs 26 to Rs 6,645 per five quintal in futures trade as speculators increased their holdings on spot demand.

On the National Commodity and Derivatives Exchange, guar gum contracts for November delivery traded higher 0.39 per cent, or Rs 26, to Rs 6,645 per five quintal with an open interest of 12,660 lots.

The contracts for delivery in December traded higher by Rs 31, or 0.46 per cent, at Rs 6,732 per five quintal as open interest stood at 42,275 lots.

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