Guar gum prices firmed up by Rs 150 to Rs 7,961 per quintal in futures trade today largely on raising of bets by participants, thanks to rising demand in domestic spot as well as overseas.
Marketmen said widening of positions by participants, taking upbeat cues from spot markets on the back of strong export demand, led to rise in guar gum prices in futures trade here.
At the National Commodity and Derivative Exchange, guar gum for delivery in November contracts climbed Rs 150 or 1.92 per cent to Rs 7,961 per quintal, with an open interest of 940 lots.
Guar gum for most-traded, delivery in October contracts also strengthened by Rs 144 or 1.87 per cent to Rs 7,855 per quintal, in an open interest of 43,705 lots.
Disclaimer: No Business Standard Journalist was involved in creation of this content
