Guar gum futures gain on spot demand

New Delhi, Guar gum prices on Tuesday gained Rs 205.00 to Rs6,157.00 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 june delivery traded higher3.06per cent, or Rs192.00, to Rs 6,268.0 per five quintal with an open interest of 51,385lots.

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