Guar gum futures gain on spot demand

Guar gum prices on Thursday rose by Rs 484 to Rs 12,626 per five 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 December delivery traded higher by Rs 484 or 3.83 per cent at Rs 12,626 per five quintal with an open interest of 6,555 lots.

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

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)