Guar gum futures move up Rs 35 per quintal

Guar gum prices were up by Rs 35 at Rs 7,770 per quintal in futures trading today on raising of bets by speculators, driven by a firm trend at the physical markets on rising export demand.
Market players said that widening of holdings by operators, tracking a strong trend at the domestic spot markets, on the back of pick-up in export demand influenced the price trend here.
At the National Commodity and Derivative Exchange, guar gum for delivery this month contracts rose by Rs 35, or 0.45 per cent, to Rs 7,770 per quintal, clocking an open interest of 24,390 lots.

Similarly, the delivery for the most traded December spurted by Rs 33, or 0.42 per cent, to Rs 7,918 per quintal, with an open interest of 44,745 lots.