Guargum futures climb Rs 95/qtl

Guargum prices spurted by Rs 95 to Rs 6,450 per quintal in futures trading today after participants enlarged positions at prevailing levels amid a firming trend at the physical as well as overseas markets.
Marketmen said, besides expanding positions by participants, a firm trend at the spot markets on pick-up in demand, supported the upside in guargum prices at futures trade.
Besides, overseas demand too influenced guargum prices, they added.
At the National Commodity and Derivatives Exchange, guargum for delivery in January was trading notably higher by Rs 95 or 1.49 per cent to Rs 6,450 per quintal, with an open interest of 31,495 lots.

Also, delivery in December gathered Rs 89 or 1.41 per cent to Rs 6,381 per quintal, in an open interest of 17,535 lots.