Guar gum prices rose 1.02 per cent to Rs 9,040 per quintal in futures trading today on accumulation of holdings by participants amid rising export demand.
Market players said besides low buying by investors, robust sentiment in spot markets owing to pick up in export demand mainly impacted guar gum futures prices.
At the National Commodity and Derivatives Exchange, guar gum delivery for the most traded second contract April month jumped Rs 91 or 1.02 per cent to Rs 9,040 per quintal, showing an open interest of 63,455 lots.
In a similar way, the delivery of the immediate contract March month spurted Rs 80 or 0.90 per cent to Rs 8,941 per quintal, with open interest of 8,360 lots.
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