Guar gum futures gain on spot demand

New Delhi, Mar 17 (PTI) Guar gum prices on Wednesday rose by Rs 24 to Rs 6,117 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 delivery in April gained Rs 24, or 0.39 per cent, at Rs 6,117 per five quintal as open interest stood at 51,020 lots.

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