Guar gum futures rise on spot demand

New Delhi, Jul 28 (PTI) Guar gum prices on Friday climbed Rs 460 to Rs 12,850 per five quintals in futures trade as speculators increased their holdings amid firm spot demand.

On the National Commodity and Derivatives Exchange, guar gum contracts for August delivery traded higher by Rs 460 or 3.71 per cent at Rs 12,850 per five quintals with an open interest of 32,720 lots.

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