Guar gum futures up on positive demand

New Delhi, Mar 27 () Guar gum prices on Friday gained Rs 20 to Rs 5,020 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 April delivery traded higher 0.40 per cent, or Rs 20, to Rs 5,020 per five quintal with an open interest of 25,495 lots.

Likewise, the contracts for delivery in May surged by Rs 15, or 0.30 per cent, to Rs 5,070 per five quintal as open interest stood at 23,050 lots.

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

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