Guar gum futures up on firm demand

New Delhi, Jan 28 () Guar gum prices on Tuesday gained Rs 16 to Rs 7,190 per five quintal in futures trade as investors increased their holdings on spot demand.

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

On the National Commodity and Derivatives Exchange, guar gum delivery for February contracts gained 0.22 per cent, or Rs 16, to Rs 7,190 per five quintal with an open interest of 40,815 lots.

Likewise, the delivery of March contract surged by Rs 15, or 0.21 per cent, to Rs 7,275 per five quintal as open interest stood at 26,320 lots. SHW ANU ANU