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Guar gum futures up on positive demand

Feb 19, 2020, 13:55 IST

PTI

New Delhi, Feb 19 () Guar gum prices on Wednesday gained Rs 19 to Rs 6,616 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 February delivery traded higher by 0.29 per cent, or Rs 19, to Rs 6,616 per five quintal with an open interest of 52,510 lots.

Likewise, the delivery of March contracts surged by Rs 27, or 0.40 per cent, to Rs 6,700 per five quintal as open interest stood at 9,435 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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