Guar gum futures gain on positive demand

New Delhi, May 5 () Guar gum prices on Tuesday gained Rs 87 to Rs 5,182 per five quintal in futures trade as speculators increased their holdings on spot demand.

On the National Commodity and Derivatives Exchange, guar gum contracts for May delivery traded higher 1.71 per cent, or Rs 87, to Rs 5,182 per five quintal with an open interest of 13,870 lots.'

Likewise, the contracts for delivery in June rose by Rs 96, or 1.87 per cent, to Rs 5,220 per five quintal as open interest stood at 29,655 lots.

Analysts said after tracking firm physical market trend, traders raised their bets which led to rise in guar gum prices. SRS SHWSHW