Guar gum futures rise on spot demand

New Delhi, Aug 7 (PTI) Guar gum prices on Monday climbed Rs 684 to Rs 12,093 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 August delivery traded higher by Rs 684 or 6 per cent at Rs 12,093 per five quintals with an open interest of 13,475 lots.

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