Guar gum futures gain on spot demand

New Delhi, Jun 16 (PTI) Guar gum prices on Friday rose Rs 123 to Rs 9,973 per five quintals in futures trade as speculators increased their holdings amid a firm spot demand.

On the National Commodity and Derivatives Exchange, guar gum contracts for July delivery traded higher by Rs 123 or 1.25 per cent at Rs 9,973 per five quintals with an open interest of 47,850 lots.

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