Guar gum futures gain on spot demand

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New Delhi, Mar 16 (PTI) Guar gum prices on Tuesday rose by Rs 7 to Rs 6,000 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 March delivery traded higher by Rs 7, 0.12 per cent, to Rs 6,000 per five quintal with an open interest of 300 lots.

The contracts for delivery in April gained Rs 4, or 0.07 per cent, at Rs 6,129 per five quintal as open interest stood at 52,065 lots.

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