Guar gum prices were enquired higher by Rs 33 to Rs 8,868 per quintal in futures trading today on elaboration of holdings by participants amid rising export demand.
Market players said rise in export demand for oil drilling industries influenced the guar gum futures prices.
Besides, a significant decline in supplies of guar seed from growing belts too influenced sentiment, they added.
At the National Commodity and Derivatives Exchange counter, guar gum delivery for the most active April month contract hardened by Rs 33 or 0.37 per cent to Rs 8,868 per quintal, with an open interest of 50,420 lots.
The delivery of May month contract also moved up by Rs 17 or 0.19 per cent to Rs 8,966 per quintal, with a business turnover of 15,295 lots.
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