Guar gum futures rise more than 2pc on firm demand

New Delhi, Jul 18 (PTI) Guar gum prices on Thursday increased by Rs 259 to Rs 10,586 per quintal in futures trade as speculators increased their holdings amid firm spot demand.

On the National Commodity and Derivatives Exchange, guar gum contracts for July delivery traded higher by Rs 259 or 2.45 per cent at Rs 10,586 per quintal with an open interest of 315 lots.

Analysts said traders raised their bets following firm trends in physical markets.