Guar gum futures up on spot demand

Guar gum prices on Friday gained Rs 43 to Rs 7,192 per five quintal in futures trade as investors increased their holdings on spot demand. Analysts said tracking a firm physical market trend, traders opted to raise their bets which led to rise in guar gum prices.

On the National Commodity and Derivatives Exchange, guar gum delivery for December contracts jumped Rs 43, to Rs 7,192 per five quintal with an open interest of 2,905 lots. Likewise, the delivery of January contract surged by Rs 10, to Rs 7,260 per five quintal as open interest stood at 62,015 lots.

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