Guar Gum Futures Rise on Demand

New Delhi, Feb 16 (PTI) Guar gum prices on Monday rose by Rs 37 to Rs 9,900 per quintal in futures trade as speculators increased their holdings amid a firm spot demand.

On the National Commodity and Derivatives Exchange, guar gum contracts for February delivery traded higher by Rs 37 or 0.38 per cent at Rs 9,900 per quintal with an open interest of 5,940 lots.


The March contract also went up by Rs 13, or 0.13 per cent, to Rs 10,015 per quintal in 57,585 lots. It had finished at Rs 10,002 per quintal in the previous session.

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