Guar gum futures rise on firm demand

New Delhi, Dec 4 (PTI) Guar gum prices on Wednesday increased Rs 159 to Rs 10,009 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 December delivery traded higher by Rs 159 or 1.59 per cent at Rs 10,009 per quintal with an open interest of 23,590 lots.

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