Guar gum prices on Tuesday rose by Rs 54 to Rs 7,360 per five quintal in futures trade as investors increased their holdings on spot demand.
Analysts said raising of bets by traders, following a firm tend in physical market, led to the rise in guar gum prices.
On the National Commodity and Derivatives Exchange, guar gum contracts for January delivery gained Rs 54, or 0.74 per cent, to Rs 7,360 per five quintal with an open interest of 14,405 lots.
Similarly, guar gum for February delivery surged by Rs 63, or 0.85 per cent, to Rs 7,468 per five quintal with an open interest of 53,310 lots.
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