Guar gum prices soared by Rs 75 to Rs 7,293 per five quintal in futures trade on Friday as investors increased their holdings on spot demand.
Marketmen said tracking firm physical market trend, traders opted to raise their bets which led to rise in guar gum prices.
At the National Commodity and Derivatives Exchange, guar gum delivery for October contract jumped up by Rs 75, or 1.04 per cent, to Rs 7,293 per five quintal with an open interest of 13,995 lots.
Likewise, the delivery of November contract surged by Rs 70, or 0.95 per cent, to Rs 7,415 per five quintal as open interest stood at 50,585 lots.
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