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Guar gum futures gain on spot demand

New Delhi,  Guar gum prices on Monday gained Rs 46 to Rs 6,433 per five quintals in the futures trade, as speculators increased their holdings on the spot demand.

On the National Commodity and Derivatives Exchange, guar gum contracts for the June delivery traded higher 0.72 per cent, or Rs 46, to Rs 6,433 per five quintal with an open interest of 15,040 lots.

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