Guar gum futures gain on spot demand

New Delhi,  Guar gum prices on Tuesday gained Rs 24 to Rs 6,168 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 May delivery traded higher 0.46 per cent, or Rs 24, to Rs 6,168 per five quintal with an open interest of 37,830 lots.

The contracts for delivery in June traded higher by Rs 36, or 0.58 per cent, at Rs 6,275 per five quintal as open interest stood at 20,270 lots.

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