Continuing its upmove for the second session, guar gum prices rose by Rs 52 to Rs 9,261 per quintal in futures trade today as investors investors raised bets, amid a firm trend at the physical markets on export demand.
At the National Commodity and Derivatives Exchange, guar gum for delivery in November contracts rose by Rs 52, or 0.56 per cent to Rs 9.261 per quintal, with an open interest of 760 lots.
Similarly, for the most-traded delivery in October contracts advanced by Rs 50, or 0.55 per cent, to Rs 9,170 per quintal as the business turnover stood in 56,600 open lots.
Marketmen said persistent rise in guar gum prices in futures market was mostly attributed to strong export demand as participants widened their bets.
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