Guar gum futures gain on spot demand

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New Delhi, Feb 9 (PTI) Guar gum prices on Tuesday gained Rs 60 to Rs 6,344 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 traded higher by 0.95 per cent, or Rs 60, to Rs 6,344 per five quintal with an open interest of 12,915 lots.

The contracts for delivery in March rose by Rs 69, or 1.08 per cent, at Rs 6,430 per five quintal as open interest stood at 46,245 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