Guar gum prices were bolstered by Rs 118 to Rs 9,806 per quintal in futures trade today on immense purchases made by the investors backed by upbeat physical trend amid strong export demand.
Marketmen said speculators were enhancing their holdings tracking higher physical markets sentiments and rising export demand for oil drilling industries, which led to upsurge in guar gum futures prices.
At the National Commodity and Derivatives Exchange platform, guar gum delivery for October spurted by Rs 118 or 1.22 per cent to Rs 9,806 per quintal, with the open interest of 62,535 lots.
Also, the delivery of the November contract marked ahead by Rs 38 or 0.39 per cent to Rs 9,896 per quintal, in an open interest of 2,515 lots.
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