Guar gum futures rise on spot demand

New Delhi, Aug 14 (PTI) Guar gum prices on Monday climbed Rs 123 to Rs 13,258 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 123 or 0.94 per cent at Rs 13,258 per five quintals with an open interest of 980 lots.

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