Guar gum futures strengthen on spot demand

New Delhi, Nov 22 (PTI) Guar gum prices on Friday advanced Rs 24 to Rs 7,870 per five quintal in futures trade as investors created fresh bets on firm spot demand.

On the National Commodity and Derivatives Exchange, guar gum contracts for December rose by Rs 24, or 0.31 per cent, to Rs 7,870 per five quintal with an open interest of 55,185 lots.

Restricted arrivals from growing regions aided the rise in guar gum prices, traders said. PTI VHP SHWSHW