Guar gum futures gain on spot demand

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New Delhi, Oct 26 (PTI) Guar gum prices on Monday gained Rs 2 to Rs 6,587 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 November delivery traded higher 0.03 per cent, or Rs 2, to Rs 6,587 per five quintal with an open interest of 36,515 lots.

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

However, the contracts for delivery in December traded lower by Rs 2 or 0.03 per cent, at Rs 6,658 per five quintal as open interest stood at 17,025 lots. PTI SRS SHW SHW