Guar gum futures rise on firm demand

New Delhi, Sep 19 (PTI) Guar gum prices on Thursday increased Rs 2 to Rs 10,688 per quintal in futures trade as speculators increased their holdings amid a firm spot demand.

On the National Commodity and Derivatives Exchange, guar gum contracts for October delivery traded higher by Rs 2 or 0.02 per cent at Rs 10,688 per quintal with an open interest of 49,585 lots.

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