Guar gum futures rise on firm demand

New Delhi, Jul 26 (PTI) Guar gum prices on Friday increased Rs 64 to Rs 10,643 per quintal in futures trade as speculators increased their holdings amid a firm spot demand.

On the National Commodity and Derivatives Exchange, guar gum contracts for August delivery traded higher Rs 64 or 0.60 per cent at Rs 10,643 per quintal with an open interest of 39,370 lots.

Analysts said after tracking a firm physical market trend, traders raised their bets, which led to the rise in guar gum prices. PTI SGC DR