Guar gum prices rose Rs 88 to Rs 8,498 per quintal in futures trading today as traders widened bets, driven by a firm trend at the physical markets on strong demand.
According to marketmen, the rise in guar gum prices at futures trading was mostly attributed to a firm trend at the spot markets helped by strong demand at the physical markets.
At the National Commodity and Derivatives Exchange, guar gum for delivery in May hardened by Rs 88, or 1.05 per cent, to Rs 8,498 per quintal, with an open interest of 54,780 lots.
Guar gum for April delivery gained Rs 79, or 0.95 per cent, to Rs 8,365 per quintal, in an open interest of 3,485 lots.
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