Guar gum prices gained Rs 36 to Rs 9,103 per quintal in futures trade today after covering up of the holdings by the participants amid rising export demand.
Market players said besides short-covering by the
speculators, less arrivals of guar seed from growing belts amid rise in export demand for oil drilling industries, mainly influenced the trading sentiment in guar gum futures prices.
A weakening rupee against the dollar also boosted trading sentiment in guar gum prices, they quoted.
At the National Commodity and Derivatives Exchange, guar gum delivery for May went up by Rs 36 or 0.40 per cent to Rs 9,103 per quintal, clocking an open interest of 51,385 lots.
Similarly, the delivery for June marked ahead by Rs 32 or 0.35 per cent to Rs 9,210 per quintal, depicting an open interest of 14,415 lots.
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