Guar gum futures gain on spot demand

NEW DELHI: Guar gum prices on Friday gained Rs 190 to Rs 7,625 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 August delivery traded higher 2.56 per cent, or Rs 190 to Rs 7,625 per five quintal with an open interest of 12,910 lots.

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

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