Guar gum prices rose by Rs 39 to Rs 9,460 per quintal in futures trade Monday as participants accumulated positions at current levels, spurred by rising export demand amid a firm trend at the physical markets.
At the National Commodity and Derivatives Exchange, guar gum for delivery in November hardened by Rs 39 or 0.41 per cent to Rs 9,460 per quintal, with an open interest of 20,790 lots.
Marketmen said positions created by traders, tracking a firming trend at the spot markets on export demand, led to the rise in the guar gum prices in futures trade here.
Meanwhile, guar gum for delivery in October advanced by Rs 36 or 0.39 per cent to Rs 9,338 per quintal, clocking an open interest of 44,760 lots.
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