Guar Gum futures rise on fresh bets

New Delhi,  Guar Gum prices on Monday rose by Rs 191 to Rs 12,090.0 per quintal in futures trade after speculators increased their positions driven by a firm trend at spot market.

On the National Commodity and Derivatives Exchange, guar gum for March contracts increased by Rs 191, or 1.61 per cent, to Rs 12,090.0 per  quintal with an open interest of 58175 lots.

According to marketmen, raising of bets by speculators tracking a firm trend in the spot market on thin supplies from growing belts mainly led to rise in guar gum prices here.

Mandibhav