Guar gum futures up on spot demand

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Guar gum futures up on spot demand
New Delhi, Jan 23 () Guar gum prices on Thursday rose by Rs 7 to Rs 7,340 per five quintal in futures trade as investors increased their holdings on spot demand.

Analysts said raising of bets by traders following a firm trend in physical market mainly led to rise in guar gum prices.

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On the National Commodity and Derivatives Exchange, guar gum contracts for February delivery gained Rs 7, or 0.10 per cent, to Rs 7,340 per five quintal with an open interest of 52,225 lots.

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