Guar gum futures up on spot demand

New Delhi, Feb 14 () Guar gum prices on Friday gained Rs 14 to Rs 6,660 per five quintal in futures trade as speculators widened their holdings on spot demand.

On the National Commodity and Derivatives Exchange, guar gum contracts for February delivery traded higher by 0.21 per cent, or Rs 14, to Rs 6,660 per five quintal with an open interest of 1,275 lots.

Likewise, the delivery of March contracts surged by Rs 39, or 0.58 per cent, to Rs 6,759 per five quintal as open interest stood at 55,140 lots.

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