Guar gum futures gain on spot demand

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New Delhi, Nov 11 (PTI) Guar gum prices on Wednesday gained Rs 53 to Rs 6,440 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 0.83 per cent, or Rs 53, to Rs 6,440 per five quintal with an open interest of 5,305 lots.

The contracts for delivery in December traded higher by Rs 57, or 0.88 per cent, at Rs 6,535 per five quintal as open interest stood at 49,835 lots.

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