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Guar gum futures gain on spot demand

New Delhi, Guar gum prices on Tuesday gained Rs 96 to Rs 6,319 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 July delivery traded higher 1.54 per cent, or Rs 96, to Rs 6,319 per five quintal with an open interest of 47,860 lots.

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