Guar gum futures rise on firm demand

New Delhi, Aug 19 (PTI) Guar gum prices on Monday increased Rs 46 to Rs 10,334 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 September delivery traded higher Rs 46 or 0.48 per cent at Rs 10,334 per quintal with an open interest of 46,745 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 SHW