Guar Gum Futures Surge on Strong Demand

New Delhi, Jan 30 (PTI) Guar gum prices on Thursday increased Rs 19 to Rs 10,330 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 19 or 0.18 per cent at Rs 10,330 per quintal with an open interest of 36,495 lots.

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