New Delhi, Jul 1 (PTI) Guar gum prices on Wednesday gained Rs 20 to Rs 5,378 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 July delivery traded higher by 0.37 per cent, or Rs 20, at Rs 5,378 per five quintal with an open interest of 19,115 lots.
Likewise, the contracts for delivery in August rose by similar margins to Rs 5,419 per five quintal as open interest stood at 25,245 lots.
Analysts said after tracking firm physical market trend, traders raised their bets which led to rise in guar gum prices. PTI SRS RUJ RUJ