Guar gum futures gain on spot demand

New Delhi, Mar 18 (PTI) Guar gum prices on Thursday rose by Rs 8 to Rs 6,059 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 April gained Rs 8, or 0.13 per cent, at Rs 6,059 per five quintal as open interest stood at 48,795 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