Guar gum prices hardened by Rs 89 to Rs 8,959 per quintal in futures trade today on expansion of bets, guided by bullish physical sentiments amidst rising export demand.
Market players said raising of holdings by the participants in tune with upbeat physical sentiments on the back of robust export demand, reflected up trend in guar gum futures prices.
At the National Commodity and Derivative Exchange platform, guar gum delivery for the immediate contract April spurted by Rs 89 or 1.00 per cent to Rs 8,959 per quintal, with an open interest of 980 lots.
Likewise, the delivery of the most active second contract May advanced by Rs 44 or 0.49 per cent to Rs 9,043 per quintal, having an open interest of 58,840 lots.
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