Guar gum futures gain on spot demand

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New Delhi, Feb 1 (PTI) Guar gum prices on Monday gained Rs 3 to Rs 6,168 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 February delivery rose by Rs 3, 0.05 per cent, to Rs 6,168 per five quintal with an open interest of 25,735 lots.

The contracts for delivery in March traded higher by Rs 4 or 0.06 per cent, at Rs 6,235 per five quintal as open interest stood at 30,780 lots.

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