Guar gum futures gain on spot demand

New Delhi,  Guar gum prices on Friday gained Rs 102 to Rs 6,327 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 1.64 per cent, or Rs 102, to Rs 6,327 per five quintal with an open interest of 42,810 lots.

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