Guar gum prices spurted by Rs 111 to Rs 7,332 per quintal in futures trading today following widening of holdings by speculators at existing levels, tracking strong demand in the spot market.
Marketmen said a firm trend at the domestic spot markets on pick-up in demand from consuming industries and positive global cues, attributed the rise in guar gum prices in futures trade.
At the National Commodity and Derivatives Exchange, guar gum for delivery in June hardened by Rs 111, or 1.54 per cent, to Rs 7,332 per quintal, with an open interest of 18,375 lots.
Guar gum for July also spurted by Rs 112, or 1.52 per cent, to Rs 7,480 per quintal, in an open interest of 36,125 lots.
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